Amundi Sells 334 Shares of ePlus inc. (NASDAQ:PLUS)

Amundi lessened its position in shares of ePlus inc. (NASDAQ:PLUS) by 21.2% in the fourth quarter, HoldingsChannel reports. The fund owned 1,238 shares of the software maker’s stock after selling 334 shares during the period. Amundi’s holdings in ePlus were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PLUS. Atria Investments Inc acquired a new stake in shares of ePlus in the third quarter valued at approximately $202,000. Advisors Asset Management Inc. raised its position in shares of ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after buying an additional 342 shares in the last quarter. Intech Investment Management LLC raised its position in shares of ePlus by 80.4% in the third quarter. Intech Investment Management LLC now owns 7,681 shares of the software maker’s stock valued at $755,000 after buying an additional 3,423 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ePlus by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock valued at $38,835,000 after buying an additional 3,877 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

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

ePlus Stock Up 0.5 %

Shares of PLUS opened at $64.15 on Friday. ePlus inc. has a one year low of $61.75 and a one year high of $106.98. The company has a market cap of $1.71 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $71.24 and a two-hundred day simple moving average of $81.74.

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