Ameriprise Financial Inc. Has $6.36 Million Position in ePlus inc. (NASDAQ:PLUS)

Ameriprise Financial Inc. lessened its holdings in ePlus inc. (NASDAQ:PLUS) by 44.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,026 shares of the software maker’s stock after selling 68,141 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.32% of ePlus worth $6,356,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLUS. Northern Trust Corp lifted its position in shares of ePlus by 8.2% in the 4th quarter. Northern Trust Corp now owns 496,648 shares of the software maker’s stock worth $36,692,000 after purchasing an additional 37,496 shares during the period. Quarry LP lifted its stake in shares of ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after purchasing an additional 430 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of ePlus in the 4th quarter valued at about $60,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ePlus by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker’s stock valued at $16,751,000 after purchasing an additional 38,317 shares during the period. Finally, Mirabella Financial Services LLP acquired a new position in shares of ePlus in the 4th quarter valued at about $43,517,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of ePlus stock opened at $66.97 on Friday. The business has a 50 day moving average price of $62.19 and a 200-day moving average price of $71.10. The company has a market cap of $1.78 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a research note on Saturday.

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.