Dimensional Fund Advisors LP Reduces Holdings in ePlus inc. (NASDAQ:PLUS)

Dimensional Fund Advisors LP reduced its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,326,036 shares of the software maker's stock after selling 10,088 shares during the quarter. Dimensional Fund Advisors LP owned about 4.95% of ePlus worth $97,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after acquiring an additional 303 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of ePlus in the 4th quarter valued at $61,000. Huntington National Bank raised its stake in ePlus by 35.8% in the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker's stock worth $86,000 after acquiring an additional 308 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in ePlus during the 4th quarter valued at about $94,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Up 0.5 %

PLUS stock opened at $62.88 on Monday. The company has a market capitalization of $1.67 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $106.98. The firm's fifty day simple moving average is $62.34 and its 200-day simple moving average is $75.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research note on Friday, April 18th.

ePlus Company Profile

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.

Want to see what other hedge funds are holding PLUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ePlus inc. (NASDAQ:PLUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.