Royce & Associates LP Reduces Stock Position in ePlus inc. (NASDAQ:PLUS)

Royce & Associates LP decreased its holdings in ePlus inc. (NASDAQ:PLUS) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,931 shares of the software maker’s stock after selling 16,796 shares during the period. Royce & Associates LP’s holdings in ePlus were worth $8,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of ePlus by 21.3% in the fourth quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker’s stock worth $208,000 after purchasing an additional 495 shares during the last quarter. Haven Private LLC bought a new position in ePlus in the 4th quarter worth about $555,000. Destination Wealth Management purchased a new position in shares of ePlus during the fourth quarter worth approximately $296,000. Raymond James Financial Inc. bought a new stake in shares of ePlus during the fourth quarter valued at approximately $8,683,000. Finally, Assetmark Inc. boosted its holdings in shares of ePlus by 10.4% in the fourth quarter. Assetmark Inc. now owns 20,914 shares of the software maker’s stock valued at $1,545,000 after purchasing an additional 1,971 shares during the period. 93.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

ePlus Stock Down 0.6 %

NASDAQ:PLUS opened at $64.00 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm has a market cap of $1.70 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a 50-day moving average of $71.93 and a 200 day moving average of $82.26. ePlus inc. has a 1-year low of $61.91 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, research analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal 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.