Texas Permanent School Fund Trims Position in ePlus Inc. (PLUS)

Texas Permanent School Fund decreased its holdings in ePlus Inc. (NASDAQ:PLUS) by 7.4% in the 4th quarter, Holdings Channel reports. The firm owned 9,580 shares of the software maker’s stock after selling 763 shares during the period. Texas Permanent School Fund’s holdings in ePlus were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Strs Ohio raised its position in ePlus by 10.4% in the 4th quarter. Strs Ohio now owns 11,700 shares of the software maker’s stock valued at $879,000 after purchasing an additional 1,100 shares during the last quarter. Bowling Portfolio Management LLC increased its stake in ePlus by 5.6% in the 4th quarter. Bowling Portfolio Management LLC now owns 15,921 shares of the software maker’s stock valued at $1,197,000 after buying an additional 851 shares during the period. Schwab Charles Investment Management Inc. increased its stake in ePlus by 8.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 105,367 shares of the software maker’s stock valued at $7,924,000 after buying an additional 8,455 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in ePlus by 66.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock valued at $188,000 after buying an additional 1,000 shares during the period. Finally, Thomson Horstmann & Bryant Inc. increased its stake in ePlus by 0.7% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 145,157 shares of the software maker’s stock valued at $10,915,000 after buying an additional 950 shares during the period. Hedge funds and other institutional investors own 87.59% of the company’s stock.

ePlus Inc. (NASDAQ PLUS) opened at $76.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.59 and a quick ratio of 1.44. The stock has a market cap of $1,051.03, a price-to-earnings ratio of 18.77 and a beta of 1.18. ePlus Inc. has a 12 month low of $60.25 and a 12 month high of $97.75.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.13. The company had revenue of $342.57 million for the quarter, compared to analysts’ expectations of $344.25 million. ePlus had a net margin of 4.01% and a return on equity of 15.06%. equities research analysts anticipate that ePlus Inc. will post 4.08 earnings per share for the current fiscal year.

In other ePlus news, Director John E. Callies sold 1,200 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.35, for a total value of $96,420.00. Following the transaction, the director now directly owns 11,154 shares of the company’s stock, valued at approximately $896,223.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elaine D. Marion sold 3,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $80.45, for a total transaction of $241,350.00. Following the transaction, the chief financial officer now directly owns 74,568 shares in the company, valued at $5,998,995.60. The disclosure for this sale can be found here. Insiders own 3.25% of the company’s stock.

PLUS has been the topic of several recent research reports. Zacks Investment Research raised shares of ePlus from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Tuesday, February 13th. Sidoti raised shares of ePlus from a “neutral” rating to a “buy” rating in a research note on Friday, February 9th. Finally, BidaskClub cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $78.00.

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About ePlus

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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