ePlus (PLUS) Holdings Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its holdings in ePlus (NASDAQ:PLUS) by 3.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 109,241 shares of the software maker’s stock after purchasing an additional 3,874 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ePlus were worth $8,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinebridge Investments L.P. boosted its position in shares of ePlus by 263.2% in the fourth quarter. Pinebridge Investments L.P. now owns 6,389 shares of the software maker’s stock valued at $481,000 after acquiring an additional 4,630 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of ePlus in the fourth quarter valued at approximately $233,000. Stone Ridge Asset Management LLC bought a new stake in shares of ePlus in the fourth quarter valued at approximately $833,000. Arizona State Retirement System boosted its position in shares of ePlus by 221.9% in the fourth quarter. Arizona State Retirement System now owns 23,817 shares of the software maker’s stock valued at $1,791,000 after acquiring an additional 16,417 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of ePlus by 117.3% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 247,459 shares of the software maker’s stock valued at $18,609,000 after acquiring an additional 133,575 shares during the period. 92.39% of the stock is owned by institutional investors.

PLUS has been the subject of several research reports. BidaskClub raised ePlus from a “hold” rating to a “buy” rating in a research report on Friday, March 30th. ValuEngine cut ePlus from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. Stifel Nicolaus increased their price objective on ePlus from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, May 25th. Sidoti cut ePlus from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 8th. Finally, Zacks Investment Research cut ePlus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $83.00.

In related news, CFO Elaine D. Marion sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $80.00, for a total value of $240,000.00. Following the transaction, the chief financial officer now owns 70,068 shares in the company, valued at $5,605,440. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric D. Hovde sold 4,271 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $96.88, for a total value of $413,774.48. Following the completion of the transaction, the director now owns 34,019 shares in the company, valued at approximately $3,295,760.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,873 shares of company stock worth $4,917,588. 3.25% of the stock is owned by company insiders.

Shares of NASDAQ PLUS opened at $96.40 on Monday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 22.84 and a beta of 1.17. ePlus has a one year low of $67.65 and a one year high of $97.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.61 and a quick ratio of 1.50.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, May 24th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.03). The firm had revenue of $330.43 million during the quarter, compared to the consensus estimate of $352.50 million. ePlus had a net margin of 3.91% and a return on equity of 15.10%. equities analysts anticipate that ePlus will post 5.19 EPS for the current year.

ePlus Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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