Louisiana State Employees Retirement System Sells 500 Shares of ePlus inc. (NASDAQ:PLUS)

Louisiana State Employees Retirement System reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,900 shares of the software maker’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in ePlus were worth $1,269,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after buying an additional 209,511 shares during the last quarter. Millennium Management LLC increased its holdings in ePlus by 4,036.0% during the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after buying an additional 245,351 shares during the last quarter. Swedbank AB purchased a new stake in ePlus during the first quarter worth about $15,315,000. GHP Investment Advisors Inc. increased its holdings in ePlus by 4.7% during the second quarter. GHP Investment Advisors Inc. now owns 102,071 shares of the software maker’s stock worth $7,521,000 after buying an additional 4,588 shares during the last quarter. Finally, Legato Capital Management LLC increased its holdings in ePlus by 2.8% during the second quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock worth $6,396,000 after buying an additional 2,371 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at approximately $5,940,907.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is owned by corporate insiders.

ePlus Price Performance

PLUS opened at $89.13 on Friday. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.05 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 firm has a 50-day moving average price of $95.55 and a 200-day moving average price of $85.11. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.99.

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