River Road Asset Management LLC cut its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 37.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560,921 shares of the software maker's stock after selling 329,299 shares during the period. River Road Asset Management LLC owned 2.08% of ePlus worth $55,161,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after acquiring an additional 252 shares during the period. CWM LLC raised its position in shares of ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker's stock valued at $44,000 after acquiring an additional 549 shares during the period. Innealta Capital LLC acquired a new stake in shares of ePlus in the 2nd quarter valued at approximately $66,000. EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% in the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker's stock valued at $83,000 after acquiring an additional 977 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in ePlus during the 2nd quarter worth approximately $156,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at ePlus
In other news, CFO Elaine D. Marion sold 5,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.02% of the company's stock.
ePlus Stock Up 1.4 %
NASDAQ PLUS traded up $1.22 during trading hours on Tuesday, reaching $89.80. 189,086 shares of the company's stock were exchanged, compared to its average volume of 186,880. The company's 50-day moving average is $95.33 and its two-hundred day moving average is $85.44. ePlus inc. has a one year low of $53.53 and a one year high of $102.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). The business 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%. On average, analysts forecast that ePlus inc. will post 4.67 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research note on Wednesday, October 30th.
Read Our Latest Analysis on ePlus
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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