ePlus inc. (NASDAQ:PLUS) Stock Holdings Lessened by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 631,657 shares of the software maker's stock after selling 100,252 shares during the period. Geode Capital Management LLC owned approximately 2.36% of ePlus worth $46,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after acquiring an additional 163 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after purchasing an additional 303 shares during the period. National Bank of Canada FI acquired a new stake in ePlus during the 3rd quarter valued at $76,000. Meeder Asset Management Inc. purchased a new stake in ePlus during the 4th quarter worth $61,000. Finally, Quent Capital LLC acquired a new position in ePlus in the 4th quarter worth $94,000. Institutional investors and hedge funds own 93.80% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research report on Friday.

ePlus Stock Up 1.5 %

Shares of NASDAQ:PLUS traded up $0.86 during midday trading on Friday, reaching $59.08. The company had a trading volume of 129,841 shares, compared to its average volume of 234,835. The stock has a market capitalization of $1.57 billion, a P/E ratio of 15.07, a PEG ratio of 1.83 and a beta of 1.12. The stock's fifty day moving average price is $63.21 and its 200-day moving average price is $76.59. 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 inc. has a one year low of $53.83 and a one year high of $106.98.

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