Strs Ohio Has $966,000 Position in ePlus inc. (NASDAQ:PLUS)

Strs Ohio lowered its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,100 shares of the software maker’s stock after selling 1,300 shares during the period. Strs Ohio’s holdings in ePlus were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PLUS. SG Americas Securities LLC acquired a new stake in ePlus during the third quarter worth $1,074,000. Summit Global Investments boosted its stake in ePlus by 33.3% during the third quarter. Summit Global Investments now owns 6,534 shares of the software maker’s stock worth $415,000 after buying an additional 1,634 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in ePlus during the third quarter worth $27,000. Ellsworth Advisors LLC acquired a new stake in ePlus during the third quarter worth $384,000. Finally, Argent Capital Management LLC boosted its stake in ePlus by 32.7% during the third quarter. Argent Capital Management LLC now owns 8,464 shares of the software maker’s stock worth $538,000 after buying an additional 2,086 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Stock Up 3.3 %

Shares of NASDAQ:PLUS opened at $80.11 on Wednesday. ePlus inc. has a 52 week low of $41.71 and a 52 week high of $83.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. The company’s fifty day moving average is $78.49 and its 200-day moving average is $73.26. The company has a market capitalization of $2.16 billion, a PE ratio of 16.90 and a beta of 1.18.

ePlus (NASDAQ:PLUS) last issued its earnings results on Tuesday, February 6th. The software maker reported $1.02 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.22). ePlus had a net margin of 5.86% and a return on equity of 15.26%. The firm had revenue of $509.06 million during the quarter, compared to analyst estimates of $598.25 million. Equities research analysts predict that ePlus inc. will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLUS has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Sidoti downgraded shares of ePlus from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Monday, January 8th.

Insider Buying and Selling

In related news, Director John E. Callies sold 1,308 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total transaction of $103,554.36. Following the transaction, the director now owns 20,493 shares in the company, valued at approximately $1,622,430.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.41% of the stock is owned by corporate insiders.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.