Algert Global LLC Has $1.02 Million Position in ePlus inc. (NASDAQ:PLUS)

Algert Global LLC trimmed its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 75.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,742 shares of the software maker’s stock after selling 42,587 shares during the period. Algert Global LLC’s holdings in ePlus were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its stake in ePlus by 82.3% in the third quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock valued at $7,899,000 after purchasing an additional 36,267 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of ePlus by 38.1% in the 4th quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker’s stock valued at $1,490,000 after buying an additional 5,564 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of ePlus by 16.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 19,543 shares of the software maker’s stock valued at $1,444,000 after buying an additional 2,762 shares in the last quarter. KBC Group NV increased its holdings in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock worth $102,000 after buying an additional 453 shares during the last quarter. Finally, Cascade Investment Advisors Inc. raised its position in ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock worth $1,182,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

NASDAQ:PLUS opened at $63.90 on Friday. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.83 and a beta of 1.12. The stock’s 50 day moving average price is $61.83 and its two-hundred day moving average price is $72.85. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last posted its quarterly 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 net margin of 4.93% and a return on equity of 11.23%. On average, analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

ePlus 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.