Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in ePlus Inc. (NASDAQ:PLUS) by 57.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the software maker’s stock after selling 13,700 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. owned about 0.07% of ePlus worth $752,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of PLUS. Pinebridge Investments L.P. boosted its stake in shares of ePlus by 102.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock valued at $128,000 after purchasing an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of ePlus by 66.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock valued at $188,000 after purchasing an additional 1,000 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of ePlus in the 2nd quarter valued at approximately $207,000. Piedmont Investment Advisors LLC acquired a new stake in shares of ePlus in the 2nd quarter valued at approximately $213,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of ePlus in the 3rd quarter valued at approximately $222,000. Institutional investors own 89.74% of the company’s stock.
ePlus Inc. (NASDAQ PLUS) traded up $0.30 during trading hours on Friday, reaching $79.75. 63,600 shares of the company traded hands, compared to its average volume of 97,158. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. ePlus Inc. has a twelve month low of $54.28 and a twelve month high of $97.75. The firm has a market cap of $1,125.92, a P/E ratio of 20.69 and a beta of 1.28.
ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, November 2nd. The software maker reported $1.27 EPS for the quarter, hitting the consensus estimate of $1.27. ePlus had a net margin of 3.85% and a return on equity of 15.52%. equities analysts predict that ePlus Inc. will post 4 earnings per share for the current fiscal year.
In related news, Director John E. Callies sold 1,200 shares of ePlus stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $80.35, for a total transaction of $96,420.00. Following the sale, the director now directly owns 11,154 shares in the company, valued at approximately $896,223.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.25% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on PLUS shares. Stifel Nicolaus restated a “hold” rating and issued a $75.00 price target on shares of ePlus in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.
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ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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