Geneva Capital Management LLC Has $87.03 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC decreased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 14.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 884,964 shares of the software maker's stock after selling 147,169 shares during the period. ePlus makes up 1.5% of Geneva Capital Management LLC's portfolio, making the stock its 22nd largest position. Geneva Capital Management LLC owned approximately 3.29% of ePlus worth $87,027,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of ePlus by 4,036.0% in the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker's stock valued at $18,525,000 after buying an additional 245,351 shares during the period. American Century Companies Inc. increased its holdings in ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker's stock worth $35,887,000 after purchasing an additional 209,511 shares in the last quarter. Swedbank AB acquired a new stake in shares of ePlus in the 1st quarter valued at about $15,315,000. Cubist Systematic Strategies LLC acquired a new position in shares of ePlus during the second quarter worth about $4,740,000. Finally, CX Institutional bought a new position in shares of ePlus during the third quarter worth about $3,258,000. Institutional investors own 93.80% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut ePlus from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

ePlus Stock Down 13.6 %

NASDAQ:PLUS traded down $12.93 on Wednesday, hitting $82.29. 253,160 shares of the company's stock were exchanged, compared to its average volume of 187,990. The company has a market cap of $2.21 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. The firm has a 50-day moving average price of $95.66 and a 200-day moving average price of $86.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The software maker reported $1.17 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.12). The company had revenue of $515.17 million for the quarter, compared to analyst estimates of $576.50 million. ePlus had a net margin of 5.08% and a return on equity of 11.98%. As a group, analysts expect that ePlus inc. will post 4.67 EPS for the current fiscal year.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares of the company's stock, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.02% of the stock is currently owned by insiders.

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.