First Wilshire Securities Management Inc. trimmed its stake in shares of ePlus (NASDAQ:PLUS) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,070 shares of the software maker’s stock after selling 3,328 shares during the period. First Wilshire Securities Management Inc. owned about 0.33% of ePlus worth $3,464,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Millennium Management LLC acquired a new stake in ePlus in the 4th quarter valued at $1,151,000. Cornerstone Capital Management Holdings LLC. increased its stake in ePlus by 262.2% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 12,800 shares of the software maker’s stock valued at $962,000 after buying an additional 9,266 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in ePlus by 23.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 42,214 shares of the software maker’s stock valued at $3,174,000 after buying an additional 8,084 shares during the last quarter. Teachers Advisors LLC increased its stake in ePlus by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 24,075 shares of the software maker’s stock valued at $1,810,000 after buying an additional 701 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in ePlus in the 4th quarter valued at $255,000. Institutional investors and hedge funds own 91.32% of the company’s stock.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Zacks Investment Research upgraded shares of ePlus from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Tuesday, February 13th. Finally, Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. ePlus has a consensus rating of “Buy” and a consensus price target of $78.00.
Shares of PLUS opened at $76.15 on Friday. ePlus has a one year low of $63.76 and a one year high of $97.75. The stock has a market capitalization of $1,071.95, a PE ratio of 20.36 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.01.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. ePlus had a net margin of 4.01% and a return on equity of 15.06%. The company had revenue of $342.57 million during the quarter, compared to the consensus estimate of $344.25 million. research analysts forecast that ePlus will post 4.13 earnings per share for the current fiscal year.
In other news, Director Lawrence S. Herman sold 500 shares of ePlus stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $74.47, for a total value of $37,235.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark P. Marron sold 17,973 shares of ePlus stock in a transaction dated Friday, February 16th. The shares were 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. In the last three months, insiders sold 21,473 shares of company stock valued at $1,631,772. Insiders own 3.25% of the company’s stock.
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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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