Charles Schwab Investment Management Inc. Decreases Stock Position in ePlus inc. (NASDAQ:PLUS)

Charles Schwab Investment Management Inc. lowered its stake in ePlus inc. (NASDAQ:PLUS) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 390,579 shares of the software maker’s stock after selling 4,324 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ePlus were worth $28,856,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after purchasing an additional 229,837 shares during the last quarter. FMR LLC grew its stake in shares of ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after purchasing an additional 463,621 shares during the last quarter. State Street Corp grew its stake in shares of ePlus by 0.6% in the third quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock worth $100,439,000 after purchasing an additional 6,241 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of ePlus by 20.4% in the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after purchasing an additional 164,016 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of ePlus by 16.8% in the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after purchasing an additional 105,526 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

ePlus stock opened at $64.36 on Tuesday. The stock’s 50 day simple moving average is $72.14 and its two-hundred day simple moving average is $82.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.83 and a beta of 1.15. ePlus inc. has a fifty-two week low of $61.91 and a fifty-two week high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

ePlus Company 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.