ePlus inc. (NASDAQ:PLUS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its position in ePlus inc. (NASDAQ:PLUS) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,984 shares of the software maker’s stock after selling 5,638 shares during the period. Bank of America Corp DE owned approximately 0.50% of ePlus worth $9,825,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock valued at $31,000 after purchasing an additional 303 shares during the period. Quarry LP increased its holdings in shares of ePlus by 1,000.0% in the fourth 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 fourth quarter valued at about $60,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of ePlus in the fourth quarter valued at about $61,000. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Up 1.9%

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

ePlus (NASDAQ:PLUS) last issued its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The firm had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. On average, sell-side analysts predict that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

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

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.