Texas Permanent School Fund lowered its holdings in shares of ePlus Inc. (NASDAQ:PLUS) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,580 shares of the software maker’s stock after selling 763 shares during the period. Texas Permanent School Fund owned 0.07% of ePlus worth $720,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Chevy Chase Trust Holdings Inc. bought a new stake in shares of ePlus in the third quarter valued at approximately $222,000. Aperio Group LLC acquired a new position in shares of ePlus during the third quarter worth $226,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of ePlus by 66.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock worth $188,000 after buying an additional 1,000 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in ePlus in the third quarter valued at $266,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in ePlus in the second quarter valued at $213,000. Institutional investors and hedge funds own 91.32% of the company’s stock.
In other news, CFO Elaine D. Marion sold 3,000 shares of ePlus stock in a transaction on Friday, January 19th. The shares were sold at an average price of $80.45, for a total transaction of $241,350.00. Following the completion of the sale, the chief financial officer now directly owns 74,568 shares of the company’s stock, valued at approximately $5,998,995.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence S. Herman sold 500 shares of ePlus stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $74.47, for a total transaction of $37,235.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,473 shares of company stock valued at $1,631,772. Insiders own 3.25% of the company’s stock.
PLUS has been the topic of a number of research analyst reports. BidaskClub cut shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Zacks Investment Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Sidoti raised shares of ePlus from a “neutral” rating to a “buy” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $78.00.
ePlus Inc. (NASDAQ PLUS) traded down $0.85 during trading hours on Monday, reaching $80.65. 42,253 shares of the company’s stock traded hands, compared to its average volume of 102,928. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.59. ePlus Inc. has a 52-week low of $63.76 and a 52-week high of $97.75. The stock has a market cap of $1,136.81, a price-to-earnings ratio of 19.91 and a beta of 1.15.
ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.13. ePlus had a net margin of 4.01% and a return on equity of 15.06%. The company had revenue of $342.57 million during the quarter, compared to analyst estimates of $344.25 million. analysts expect that ePlus Inc. will post 4.09 earnings per share for the current year.
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.
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.