Pacific Ridge Capital Partners LLC Cuts Stock Position in ePlus inc. (NASDAQ:PLUS)

Pacific Ridge Capital Partners LLC trimmed its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,833 shares of the software maker’s stock after selling 1,971 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in ePlus were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of ePlus by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after purchasing an additional 27,582 shares in the last quarter. Gobi Capital LLC acquired a new position in ePlus during the 4th quarter worth approximately $49,190,000. American Century Companies Inc. lifted its position in ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares in the last quarter. Millennium Management LLC boosted its holdings in ePlus by 4,036.0% in the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after acquiring an additional 245,351 shares during the period. Finally, Swedbank AB acquired a new stake in ePlus in the first quarter valued at approximately $15,315,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

Shares of PLUS opened at $98.82 on Friday. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.11 and a beta of 1.11. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $90.82 and its two-hundred day moving average is $81.59. ePlus inc. has a 52-week low of $53.53 and a 52-week high of $102.32.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.03). The company had revenue of $544.54 million during the quarter, compared to analyst estimates of $555.23 million. ePlus had a net margin of 4.98% and a return on equity of 12.32%. Analysts forecast that ePlus inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Tuesday.

Insider Activity

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.41% of the company’s stock.

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 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.