ePlus inc. (NASDAQ:PLUS) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 937,600 shares of the software maker’s stock after selling 31,398 shares during the period. Wellington Management Group LLP’s holdings in ePlus were worth $69,270,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after acquiring an additional 163 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. National Bank of Canada FI acquired a new position in ePlus in the third quarter worth about $76,000. Quent Capital LLC bought a new stake in ePlus in the fourth quarter valued at about $94,000. Finally, KBC Group NV raised its stake in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Trading Down 2.2 %

ePlus stock opened at $57.14 on Friday. ePlus inc. has a 1 year low of $55.39 and a 1 year high of $106.98. The firm’s 50-day moving average is $67.66 and its 200-day moving average is $79.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. The company has a market cap of $1.52 billion, a P/E ratio of 14.58, a PEG ratio of 1.83 and a beta of 1.15.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

About ePlus

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.