ePlus inc. (NASDAQ:PLUS) Shares Sold by Perkins Capital Management Inc.

Perkins Capital Management Inc. lowered its stake in shares of ePlus inc. (NASDAQ:PLUS) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,000 shares of the software maker’s stock after selling 1,500 shares during the period. Perkins Capital Management Inc.’s holdings in ePlus were worth $443,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in ePlus by 70.9% during 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 period. Wellington Management Group LLP grew its stake in shares of ePlus by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after buying an additional 164,016 shares during the period. Swedbank AB acquired a new stake in shares of ePlus during the 4th quarter worth approximately $11,082,000. American Century Companies Inc. raised its position in shares of ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after buying an additional 121,945 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ePlus in the fourth quarter valued at approximately $8,683,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Trading Up 0.5 %

NASDAQ PLUS opened at $64.15 on Monday. 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 stock has a market capitalization of $1.71 billion, a P/E ratio of 16.36, a PEG ratio of 1.83 and a beta of 1.15. The firm’s 50-day moving average is $71.24 and its two-hundred day moving average is $81.68. ePlus inc. has a 12 month low of $61.75 and a 12 month 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 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%. On average, sell-side analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

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.