Raymond James & Associates reduced its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,159 shares of the software maker's stock after selling 16,384 shares during the period. Raymond James & Associates owned about 0.15% of ePlus worth $3,949,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in PLUS. Millennium Management LLC boosted its holdings in 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 purchasing an additional 245,351 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker's stock valued at $35,887,000 after buying an additional 209,511 shares during the last quarter. Swedbank AB acquired a new stake in shares of ePlus during the first quarter worth approximately $15,315,000. Cubist Systematic Strategies LLC bought a new stake in shares of ePlus in the second quarter worth $4,740,000. Finally, CX Institutional acquired a new stake in ePlus in the third quarter valued at $3,258,000. 93.80% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at ePlus
In related news, CFO Elaine D. Marion sold 5,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares of the company's stock, valued at $5,940,907.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.02% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of ePlus from a "hold" rating to a "buy" rating in a report on Wednesday, October 30th.
Read Our Latest Report on ePlus
ePlus Stock Down 0.6 %
NASDAQ PLUS traded down $0.55 on Monday, hitting $88.58. 219,359 shares of the stock traded hands, compared to its average volume of 186,870. The company has a market capitalization of $2.38 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.13. The stock has a 50-day moving average of $95.55 and a 200 day moving average of $85.24. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.99.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The firm had revenue of $544.54 million for the quarter, compared to the consensus estimate of $555.23 million. ePlus had a return on equity of 12.32% and a net margin of 4.98%. As a group, analysts expect that ePlus inc. will post 4.67 earnings per share for the current fiscal year.
About ePlus
(
Free Report)
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.
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