ePlus inc. (NASDAQ:PLUS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,774 shares of the software maker’s stock after selling 1,342 shares during the quarter. Legal & General Group Plc owned approximately 0.29% of ePlus worth $5,672,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swedbank AB purchased a new stake in ePlus during the 4th quarter valued at about $11,082,000. American Century Companies Inc. grew its position in shares of ePlus by 18.2% in the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after purchasing an additional 121,945 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ePlus in the fourth quarter valued at approximately $8,683,000. JPMorgan Chase & Co. lifted its position in ePlus by 126.6% during the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker’s stock worth $9,180,000 after buying an additional 69,410 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in ePlus by 85.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 90,616 shares of the software maker’s stock worth $6,695,000 after buying an additional 41,710 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Friday.

ePlus Stock Up 1.5 %

Shares of NASDAQ PLUS opened at $59.08 on Monday. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a market capitalization of $1.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.83 and a beta of 1.12. The company has a 50 day simple moving average of $63.21 and a 200-day simple moving average of $76.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

ePlus (NASDAQ:PLUS) last posted its earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities research analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

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 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.