Allianz Asset Management GmbH decreased its position in ePlus (NASDAQ:PLUS) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,008 shares of the software maker’s stock after selling 9,426 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.41% of ePlus worth $4,287,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of ePlus by 66.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock valued at $188,000 after purchasing an additional 1,000 shares during the period. Chevy Chase Trust Holdings Inc. bought a new position in shares of ePlus in the third quarter valued at approximately $222,000. Aperio Group LLC bought a new position in shares of ePlus in the third quarter valued at approximately $226,000. Crossmark Global Holdings Inc. bought a new position in ePlus during the third quarter worth $266,000. Finally, Citadel Advisors LLC increased its position in ePlus by 31.5% during the fourth quarter. Citadel Advisors LLC now owns 4,612 shares of the software maker’s stock worth $347,000 after acquiring an additional 1,105 shares during the period. 91.32% of the stock is currently owned by institutional investors.
In other ePlus news, Director Lawrence S. Herman sold 500 shares of ePlus stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $74.47, for a total transaction of $37,235.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark P. Marron sold 17,973 shares of ePlus stock in a transaction on Friday, February 16th. The stock was sold at an average price of $75.29, for a total transaction of $1,353,187.17. The disclosure for this sale can be found here. Insiders have sold 21,473 shares of company stock worth $1,631,772 in the last ninety days. 3.25% of the stock is currently owned by insiders.
ePlus stock opened at $77.45 on Monday. ePlus has a 52-week low of $63.76 and a 52-week high of $97.75. The stock has a market cap of $1,080.35, a price-to-earnings ratio of 19.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.13. ePlus had a net margin of 4.01% and a return on equity of 15.06%. The business had revenue of $342.57 million for the quarter, compared to analyst estimates of $344.25 million. analysts expect that ePlus will post 4.09 EPS for the current fiscal year.
A number of equities analysts recently issued reports on PLUS shares. Zacks Investment Research raised shares of ePlus from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, February 13th. Sidoti raised shares of ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Finally, BidaskClub lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. ePlus currently has a consensus rating of “Hold” and a consensus price target of $78.00.
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ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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