ePlus inc. (NASDAQ:PLUS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in ePlus inc. (NASDAQ:PLUS) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 16,569 shares of the software maker’s stock after selling 203 shares during the period. State of Alaska Department of Revenue’s holdings in ePlus were worth $1,322,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC grew its stake in shares of ePlus by 832.2% in the 3rd quarter. Lazard Asset Management LLC now owns 14,412 shares of the software maker’s stock valued at $915,000 after buying an additional 12,866 shares during the period. FMR LLC increased its stake in ePlus by 4,840.2% during the third quarter. FMR LLC now owns 286,975 shares of the software maker’s stock worth $18,229,000 after acquiring an additional 281,166 shares during the last quarter. SG Americas Securities LLC purchased a new stake in ePlus in the third quarter valued at $1,074,000. Dark Forest Capital Management LP lifted its stake in shares of ePlus by 33.5% in the 3rd quarter. Dark Forest Capital Management LP now owns 8,424 shares of the software maker’s stock valued at $535,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Aviva PLC purchased a new position in shares of ePlus during the 3rd quarter worth $590,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Up 0.2 %

NASDAQ:PLUS opened at $76.22 on Monday. ePlus inc. has a 52 week low of $41.71 and a 52 week high of $83.57. The company has a quick ratio of 1.59, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $78.16 and its two-hundred day moving average is $72.05. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 16.08 and a beta of 1.18.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.22). ePlus had a return on equity of 15.26% and a net margin of 5.86%. The firm had revenue of $509.06 million for the quarter, compared to analyst estimates of $598.25 million. Research analysts anticipate that ePlus inc. will post 4.59 EPS for the current year.

Insider Transactions at ePlus

In other news, Director John E. Callies sold 1,308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total value of $103,554.36. Following the completion of the transaction, the director now owns 20,493 shares of the company’s stock, valued at $1,622,430.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of ePlus from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Sidoti downgraded shares of ePlus from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Monday, January 8th.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.