Charles Schwab Investment Management Inc. Sells 4,324 Shares of ePlus inc. (NASDAQ:PLUS)

Charles Schwab Investment Management Inc. trimmed its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 390,579 shares of the software maker's stock after selling 4,324 shares during the period. Charles Schwab Investment Management Inc. owned about 1.46% of ePlus worth $28,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PLUS. Pacer Advisors Inc. boosted its stake in ePlus by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock valued at $136,486,000 after purchasing an additional 229,837 shares during the last quarter. FMR LLC boosted its position in shares of ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after buying an additional 463,621 shares during the last quarter. State Street Corp grew its holdings in ePlus by 0.6% during the third quarter. State Street Corp now owns 1,021,341 shares of the software maker's stock worth $100,439,000 after buying an additional 6,241 shares in the last quarter. Wellington Management Group LLP raised its position in ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock valued at $95,291,000 after buying an additional 164,016 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ePlus by 16.8% during the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after acquiring an additional 105,526 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ePlus from a "buy" rating to a "hold" rating in a research note on Wednesday.

ePlus Stock Performance

Shares of NASDAQ PLUS traded down $0.96 during midday trading on Friday, reaching $62.90. The company's stock had a trading volume of 459,068 shares, compared to its average volume of 219,555. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.05, a PEG ratio of 1.83 and a beta of 1.15. The firm has a 50 day moving average price of $71.48 and a 200-day moving average price of $82.02. ePlus inc. has a 12-month low of $61.75 and a 12-month high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, equities analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.