Phocas Financial Corp. Has $475,000 Stock Position in ePlus inc. (NASDAQ:PLUS)

Phocas Financial Corp. lessened its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 85.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,431 shares of the software maker's stock after selling 36,396 shares during the period. Phocas Financial Corp.'s holdings in ePlus were worth $475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC acquired a new position in ePlus in the 3rd quarter worth about $227,000. Geode Capital Management LLC increased its stake in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after buying an additional 105,526 shares during the period. Barclays PLC increased its stake in shares of ePlus by 82.3% in the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock valued at $7,899,000 after buying an additional 36,267 shares during the period. Jane Street Group LLC increased its stake in shares of ePlus by 62.7% in the third quarter. Jane Street Group LLC now owns 36,915 shares of the software maker's stock valued at $3,630,000 after buying an additional 14,227 shares during the period. Finally, Argent Capital Management LLC increased its stake in shares of ePlus by 38.1% in the fourth quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker's stock valued at $1,490,000 after buying an additional 5,564 shares during the period. Institutional investors and hedge funds own 93.80% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com cut ePlus from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd.

ePlus Trading Up 0.8 %

Shares of PLUS stock traded up $0.53 on Friday, hitting $64.38. The company had a trading volume of 222,899 shares, compared to its average volume of 216,115. The firm has a market cap of $1.71 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.83 and a beta of 1.10. The stock's 50-day moving average is $74.28 and its two-hundred day moving average is $84.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a twelve month low of $63.42 and a twelve month high of $106.98.

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

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.