Pacific Ridge Capital Partners LLC Sells 5,146 Shares of ePlus inc. (NASDAQ:PLUS)

Pacific Ridge Capital Partners LLC cut its position in shares of ePlus inc. (NASDAQ:PLUS) by 20.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,804 shares of the software maker’s stock after selling 5,146 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.07% of ePlus worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLUS. Graham Capital Management L.P. bought a new position in shares of ePlus during the third quarter worth about $273,000. Vanguard Group Inc. grew its holdings in shares of ePlus by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,376,006 shares of the software maker’s stock worth $150,924,000 after buying an additional 32,353 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of ePlus by 70.6% during the fourth quarter. First Hawaiian Bank now owns 10,426 shares of the software maker’s stock worth $832,000 after buying an additional 4,316 shares in the last quarter. Ziegler Capital Management LLC bought a new position in shares of ePlus during the fourth quarter worth about $639,000. Finally, Cascade Investment Advisors Inc. bought a new position in ePlus in the fourth quarter valued at approximately $996,000. 93.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.45, for a total value of $367,250.00. Following the transaction, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at approximately $3,966,006.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.45, for a total value of $367,250.00. Following the transaction, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at approximately $3,966,006.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Darren S. Raiguel sold 4,833 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total value of $388,428.21. Following the completion of the transaction, the chief operating officer now directly owns 33,290 shares in the company, valued at $2,675,517.30. The disclosure for this sale can be found here. 2.41% of the stock is owned by company insiders.

ePlus Price Performance

PLUS stock traded up $0.60 during midday trading on Friday, reaching $82.40. 232,870 shares of the stock were exchanged, compared to its average volume of 203,353. The stock has a market capitalization of $2.22 billion, a PE ratio of 19.03 and a beta of 1.10. ePlus inc. has a 52 week low of $53.53 and a 52 week high of $83.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.73. The company has a fifty day moving average price of $75.74 and a 200 day moving average price of $77.07.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, May 22nd. The software maker reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). ePlus had a return on equity of 13.47% and a net margin of 5.20%. The firm had revenue of $554.46 million for the quarter, compared to the consensus estimate of $553.05 million. As a group, analysts expect that ePlus inc. will post 4.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price target on ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.