Teacher Retirement System of Texas Has $239,000 Holdings in ePlus inc. (NASDAQ:PLUS)

Teacher Retirement System of Texas cut its position in shares of ePlus inc. (NASDAQ:PLUS) by 59.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,919 shares of the software maker’s stock after selling 5,664 shares during the period. Teacher Retirement System of Texas’ holdings in ePlus were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PLUS. Exchange Traded Concepts LLC bought a new stake in ePlus in the first quarter valued at $968,000. Vista Finance LLC boosted its stake in ePlus by 7.8% in the first quarter. Vista Finance LLC now owns 4,606 shares of the software maker’s stock worth $281,000 after purchasing an additional 333 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in ePlus by 39.0% in the first quarter. Handelsbanken Fonder AB now owns 7,844 shares of the software maker’s stock worth $479,000 after purchasing an additional 2,200 shares in the last quarter. GAMMA Investing LLC boosted its stake in ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker’s stock worth $62,000 after purchasing an additional 882 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in shares of ePlus by 30.1% during the first quarter. Bridge City Capital LLC now owns 47,182 shares of the software maker’s stock valued at $2,880,000 after acquiring an additional 10,910 shares during the period. 93.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a research note on Friday, June 27th.

ePlus Stock Down 1.2%

Shares of ePlus stock opened at $68.43 on Friday. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The business has a 50-day moving average of $70.09 and a two-hundred day moving average of $68.38. The company has a market capitalization of $1.82 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business 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 11.34% and a net margin of 5.22%. As a group, equities analysts predict that ePlus inc. will post 3.78 EPS for the current year.

About ePlus

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.