ePlus inc. (NASDAQ:PLUS) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC cut its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,548,509 shares of the software maker’s stock after selling 3,510 shares during the period. ePlus comprises approximately 2.3% of Geneva Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Geneva Capital Management LLC owned 5.75% of ePlus worth $123,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in shares of ePlus in the 3rd quarter valued at $27,000. Operose Advisors LLC bought a new position in ePlus in the 3rd quarter valued at $33,000. DekaBank Deutsche Girozentrale purchased a new stake in ePlus in the third quarter valued at approximately $98,000. Cornerstone Investment Partners LLC bought a new position in ePlus during the fourth quarter valued at approximately $202,000. Finally, Caprock Group LLC purchased a new position in shares of ePlus in the fourth quarter worth about $219,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Down 0.2 %

Shares of NASDAQ:PLUS traded down $0.13 on Thursday, hitting $79.76. 104,382 shares of the company traded hands, compared to its average volume of 199,819. The stock has a 50 day simple moving average of $78.16 and a 200-day simple moving average of $74.16. ePlus inc. has a 52 week low of $42.09 and a 52 week high of $83.57. The company has a quick ratio of 1.59, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.15 billion, a PE ratio of 16.83 and a beta of 1.17.

ePlus (NASDAQ:PLUS) last released its earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.22). ePlus had a return on equity of 15.26% and a net margin of 5.86%. The firm had revenue of $509.06 million during the quarter, compared to analysts’ expectations of $598.25 million. As a group, research analysts expect that ePlus inc. will post 4.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on ePlus from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, April 15th.

Insider Activity

In related news, Director John E. Callies sold 1,308 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $79.17, for a total transaction of $103,554.36. Following the sale, the director now owns 20,493 shares in the company, valued at $1,622,430.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.41% of the company’s stock.

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 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.