Royce & Associates LP Sells 16,796 Shares of ePlus inc. (NASDAQ:PLUS)

Royce & Associates LP lessened its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,931 shares of the software maker's stock after selling 16,796 shares during the quarter. Royce & Associates LP owned about 0.44% of ePlus worth $8,639,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PLUS. Smartleaf Asset Management LLC boosted its stake in shares of ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Larson Financial Group LLC boosted its stake in ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after acquiring an additional 303 shares during the period. National Bank of Canada FI bought a new stake in shares of ePlus during the 3rd quarter valued at $76,000. Finally, Quent Capital LLC acquired a new position in shares of ePlus in the 4th quarter valued at $94,000. Institutional investors own 93.80% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut ePlus from a "buy" rating to a "hold" rating in a research note on Wednesday.

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ePlus Trading Up 0.5 %

Shares of NASDAQ:PLUS traded up $0.29 during mid-day trading on Friday, reaching $64.15. The stock had a trading volume of 1,610,601 shares, compared to its average volume of 242,141. The firm has a market cap of $1.71 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The firm has a 50 day simple moving average of $71.24 and a two-hundred day simple moving average of $81.80. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $61.75 and a twelve month high of $106.98.

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