Wells Fargo & Company MN Lowers Stake in ePlus inc. (NASDAQ:PLUS)

Wells Fargo & Company MN cut its stake in ePlus inc. (NASDAQ:PLUS) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,208 shares of the software maker’s stock after selling 5,644 shares during the period. Wells Fargo & Company MN owned about 0.15% of ePlus worth $3,044,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in shares of ePlus during the 3rd quarter valued at about $227,000. Versor Investments LP bought a new stake in shares of ePlus in the 4th quarter worth approximately $318,000. KLP Kapitalforvaltning AS bought a new stake in shares of ePlus in the 4th quarter worth approximately $384,000. Principal Financial Group Inc. boosted its stake in shares of ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock valued at $10,155,000 after purchasing an additional 4,425 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of ePlus by 18.2% during the 4th 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 during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

Shares of ePlus stock opened at $60.90 on Thursday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The business’s 50 day simple moving average is $62.63 and its two-hundred day simple moving average is $75.97.

ePlus (NASDAQ:PLUS) last posted its quarterly 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%. Analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

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.