WCM Investment Management LLC Sells 46,583 Shares of ePlus inc. (NASDAQ:PLUS)

WCM Investment Management LLC lowered its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433,148 shares of the software maker's stock after selling 46,583 shares during the quarter. WCM Investment Management LLC owned 1.62% of ePlus worth $31,689,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PLUS. Larson Financial Group LLC raised its holdings in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock worth $31,000 after purchasing an additional 307 shares during the last quarter. GAMMA Investing LLC grew its holdings in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after purchasing an additional 252 shares during the period. National Bank of Canada FI bought a new stake in ePlus in the third quarter valued at approximately $76,000. KBC Group NV raised its holdings in ePlus by 48.9% in the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after purchasing an additional 453 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock worth $110,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

ePlus Stock Down 0.9 %

Shares of NASDAQ:PLUS traded down $0.62 during midday trading on Wednesday, reaching $68.44. 264,792 shares of the company were exchanged, compared to its average volume of 214,753. The firm has a market cap of $1.83 billion, a PE ratio of 17.46, a P/E/G ratio of 1.65 and a beta of 1.10. ePlus inc. has a fifty-two week low of $67.09 and a fifty-two week high of $106.98. The stock has a fifty day simple moving average of $76.92 and a two-hundred day simple moving average of $86.46. The company has a quick ratio of 1.71, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results 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 net margin of 4.93% and a return on equity of 11.23%. As a group, sell-side analysts forecast that ePlus inc. will post 4.26 earnings per share for the current year.

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.