Dimensional Fund Advisors LP Lowers Stake in ePlus (PLUS)

Dimensional Fund Advisors LP lowered its holdings in ePlus (NASDAQ:PLUS) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,085,960 shares of the software maker’s stock after selling 39,228 shares during the period. Dimensional Fund Advisors LP owned approximately 7.78% of ePlus worth $84,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in ePlus by 0.5% during the first quarter. BlackRock Inc. now owns 1,734,514 shares of the software maker’s stock valued at $134,771,000 after acquiring an additional 8,454 shares in the last quarter. Atlanta Capital Management Co. L L C grew its stake in ePlus by 117.3% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 247,459 shares of the software maker’s stock valued at $18,609,000 after acquiring an additional 133,575 shares in the last quarter. River Road Asset Management LLC grew its stake in ePlus by 41.7% during the first quarter. River Road Asset Management LLC now owns 198,782 shares of the software maker’s stock valued at $15,445,000 after acquiring an additional 58,528 shares in the last quarter. Matarin Capital Management LLC purchased a new position in ePlus during the first quarter valued at approximately $11,198,000. Finally, Prudential Financial Inc. grew its stake in ePlus by 39.3% during the first quarter. Prudential Financial Inc. now owns 142,360 shares of the software maker’s stock valued at $11,061,000 after acquiring an additional 40,135 shares in the last quarter. 92.62% of the stock is currently owned by institutional investors.

In other news, Director Eric D. Hovde sold 500 shares of the company’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $93.50, for a total value of $46,750.00. Following the completion of the sale, the director now owns 51,648 shares of the company’s stock, valued at approximately $4,829,088. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric D. Hovde sold 27,995 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $94.23, for a total transaction of $2,637,968.85. Following the completion of the sale, the director now directly owns 23,301 shares of the company’s stock, valued at approximately $2,195,653.23. The disclosure for this sale can be found here. In the last three months, insiders sold 48,102 shares of company stock valued at $4,456,958. Corporate insiders own 3.25% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. BidaskClub raised shares of ePlus from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 3rd. Stifel Nicolaus boosted their price target on shares of ePlus from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, May 25th. Zacks Investment Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, Sidoti cut shares of ePlus from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.00.

ePlus opened at $94.65 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.61 and a quick ratio of 1.50. ePlus has a one year low of $67.65 and a one year high of $97.75. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.43 and a beta of 1.17.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, May 24th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.03). ePlus had a return on equity of 15.10% and a net margin of 3.91%. The company had revenue of $330.43 million during the quarter, compared to analysts’ expectations of $352.50 million. equities research analysts forecast that ePlus will post 5.19 earnings per share for the current fiscal year.

ePlus Company Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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