River Road Asset Management LLC Sells 94,933 Shares of ePlus inc. (NASDAQ:PLUS)

River Road Asset Management LLC lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,988 shares of the software maker’s stock after selling 94,933 shares during the period. River Road Asset Management LLC owned 1.74% of ePlus worth $34,427,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Haven Private LLC bought a new position in ePlus in the 4th quarter worth about $555,000. Destination Wealth Management purchased a new position in ePlus in the 4th quarter worth about $296,000. Raymond James Financial Inc. purchased a new position in ePlus in the 4th quarter worth about $8,683,000. Assetmark Inc. raised its position in ePlus by 10.4% in the 4th quarter. Assetmark Inc. now owns 20,914 shares of the software maker’s stock worth $1,545,000 after buying an additional 1,971 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after buying an additional 303 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

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

ePlus Price Performance

NASDAQ PLUS opened at $66.42 on Tuesday. ePlus inc. has a 52 week low of $61.91 and a 52 week high of $106.98. The firm has a market capitalization of $1.77 billion, a P/E ratio of 16.94, a PEG ratio of 1.83 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $73.17 and a 200-day moving average price of $83.57.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS 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%. Equities research analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

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.