River Road Asset Management LLC Reduces Stock Position in ePlus inc. (NASDAQ:PLUS)

River Road Asset Management LLC reduced its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 16.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 465,988 shares of the software maker's stock after selling 94,933 shares during the period. River Road Asset Management LLC owned about 1.74% of ePlus worth $34,427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 worth $25,000 after purchasing an additional 163 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock worth $31,000 after buying an additional 307 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 buying an additional 303 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of ePlus in the 3rd quarter worth approximately $76,000. Finally, Quent Capital LLC purchased a new position in shares of ePlus in the 4th quarter worth approximately $94,000. 93.80% of the stock is owned by institutional investors.

ePlus Stock Performance

Shares of NASDAQ PLUS traded down $0.75 during midday trading on Thursday, reaching $62.57. The company's stock had a trading volume of 164,028 shares, compared to its average volume of 215,878. ePlus inc. has a 12-month low of $61.91 and a 12-month high of $106.98. The firm has a 50 day moving average price of $72.55 and a 200-day moving average price of $83.08. The stock has a market capitalization of $1.67 billion, a P/E ratio of 15.96, a PEG ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

Remove Ads

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. As a group, equities analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded ePlus from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.

ePlus Company 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.