ePlus inc. (NASDAQ:PLUS) Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,583 shares of the software maker's stock after selling 7,792 shares during the quarter. Teacher Retirement System of Texas' holdings in ePlus were worth $708,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. HighTower Advisors LLC bought a new position in ePlus in the 3rd quarter valued at about $227,000. Versor Investments LP acquired a new stake in shares of ePlus in the 4th quarter worth approximately $318,000. Principal Financial Group Inc. boosted its holdings in shares of ePlus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock valued at $10,155,000 after acquiring an additional 4,425 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ePlus in the fourth quarter valued at approximately $8,683,000. Finally, Geode Capital Management LLC increased its stake in shares of ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after acquiring an additional 105,526 shares during the period. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised ePlus from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th.

Remove Ads

ePlus Price Performance

ePlus stock traded down $3.68 during midday trading on Thursday, hitting $58.41. The company's stock had a trading volume of 263,709 shares, compared to its average volume of 235,945. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock's 50-day moving average price is $68.14 and its 200-day moving average price is $80.15. ePlus inc. has a 12 month low of $56.51 and a 12 month high of $106.98. The company has a market capitalization of $1.55 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

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

About ePlus

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.