Geneva Capital Management LLC Sells 11,671 Shares of ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC cut its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 873,293 shares of the software maker's stock after selling 11,671 shares during the period. ePlus accounts for 1.1% of Geneva Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Geneva Capital Management LLC owned approximately 3.26% of ePlus worth $64,519,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of ePlus in the fourth quarter worth $8,683,000. Assetmark Inc. lifted its holdings in ePlus by 10.4% during the 4th quarter. Assetmark Inc. now owns 20,914 shares of the software maker's stock worth $1,545,000 after purchasing an additional 1,971 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after purchasing an additional 303 shares during the period. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 163 shares in the last quarter. Finally, Versor Investments LP bought a new stake in shares of ePlus during the fourth quarter valued at about $318,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

Shares of ePlus stock traded up $0.84 during trading on Monday, hitting $66.42. The stock had a trading volume of 205,367 shares, compared to its average volume of 217,037. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $61.91 and a 12 month high of $106.98. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.83 and a beta of 1.15. The business's 50-day moving average is $73.30 and its 200 day moving average is $83.75.

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ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share 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, sell-side analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research report on Thursday.

ePlus 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.