Allianz Asset Management GmbH Has $1.92 Million Holdings in ePlus Inc. (PLUS)

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Allianz Asset Management GmbH lowered its position in ePlus Inc. (NASDAQ:PLUS) by 56.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,760 shares of the software maker’s stock after selling 32,248 shares during the period. Allianz Asset Management GmbH owned 0.18% of ePlus worth $1,924,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in ePlus by 0.5% during the first quarter. BlackRock Inc. now owns 1,734,514 shares of the software maker’s stock valued at $134,771,000 after purchasing an additional 8,454 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in ePlus by 54.6% during the first quarter. Fiduciary Management Inc. WI now owns 854,046 shares of the software maker’s stock valued at $66,359,000 after purchasing an additional 301,727 shares during the last quarter. Royal Bank of Canada grew its holdings in ePlus by 5.4% during the first quarter. Royal Bank of Canada now owns 408,597 shares of the software maker’s stock valued at $31,747,000 after purchasing an additional 21,029 shares during the last quarter. Atlanta Capital Management Co. L L C grew its holdings in ePlus by 1.9% during the first quarter. Atlanta Capital Management Co. L L C now owns 252,263 shares of the software maker’s stock valued at $19,601,000 after purchasing an additional 4,804 shares during the last quarter. Finally, River Road Asset Management LLC grew its holdings in ePlus by 41.7% during the first quarter. River Road Asset Management LLC now owns 198,782 shares of the software maker’s stock valued at $15,445,000 after purchasing an additional 58,528 shares during the last quarter. Hedge funds and other institutional investors own 92.81% of the company’s stock.

Several equities analysts have commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $95.00 price target on shares of ePlus in a report on Monday, July 23rd. BidaskClub downgraded ePlus from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Zacks Investment Research upgraded ePlus from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Wednesday, July 25th. ValuEngine downgraded ePlus from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Sidoti cut ePlus from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 8th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. ePlus has an average rating of “Buy” and a consensus price target of $107.00.

In related news, Director Eric D. Hovde sold 27,995 shares of the firm’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $94.23, for a total value of $2,637,968.85. Following the completion of the transaction, the director now directly owns 23,301 shares of the company’s stock, valued at $2,195,653.23. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric D. Hovde sold 500 shares of the firm’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $93.50, for a total value of $46,750.00. Following the completion of the transaction, the director now directly owns 51,648 shares of the company’s stock, valued at $4,829,088. The disclosure for this sale can be found here. Insiders sold 49,873 shares of company stock valued at $4,677,588 over the last three months. 2.72% of the stock is owned by company insiders.

PLUS opened at $100.50 on Wednesday. ePlus Inc. has a 1-year low of $67.65 and a 1-year high of $107.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.50. The company has a market capitalization of $1.34 billion, a PE ratio of 23.80 and a beta of 1.29.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, August 8th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. ePlus had a return on equity of 16.05% and a net margin of 4.07%. The company had revenue of $356.53 million during the quarter, compared to analysts’ expectations of $346.55 million. sell-side analysts predict that ePlus Inc. will post 5.29 EPS for the current year.

ePlus Profile

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

See Also: What is a Leveraged Buyout (LBO)?

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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