ePlus inc. (NASDAQ:PLUS) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its position in ePlus inc. (NASDAQ:PLUS) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,417 shares of the software maker’s stock after selling 542 shares during the period. Avantax Advisory Services Inc.’s holdings in ePlus were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLUS. Legato Capital Management LLC lifted its stake in ePlus by 3.1% in the 1st quarter. Legato Capital Management LLC now owns 89,541 shares of the software maker’s stock valued at $5,465,000 after buying an additional 2,730 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in ePlus during the first quarter worth $293,000. Victory Capital Management Inc. increased its stake in ePlus by 15.9% during the first quarter. Victory Capital Management Inc. now owns 198,729 shares of the software maker’s stock worth $12,128,000 after purchasing an additional 27,271 shares during the period. New York State Common Retirement Fund grew its stake in shares of ePlus by 7.2% in the first quarter. New York State Common Retirement Fund now owns 100,493 shares of the software maker’s stock worth $6,133,000 after acquiring an additional 6,782 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of ePlus by 9.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 99,314 shares of the software maker’s stock valued at $6,061,000 after buying an additional 8,698 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Trading Down 0.8%

Shares of ePlus stock opened at $63.81 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.69 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a 50-day moving average of $69.96 and a two-hundred day moving average of $67.49.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $498.11 million during the quarter, compared to analysts’ expectations of $523.85 million. ePlus had a net margin of 5.22% and a return on equity of 11.34%. On average, research analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.