WCM Investment Management LLC reduced its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 433,148 shares of the software maker's stock after selling 46,583 shares during the quarter. WCM Investment Management LLC owned 1.62% of ePlus worth $31,689,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of PLUS. Entropy Technologies LP grew its holdings in shares of ePlus by 29.3% during the 4th quarter. Entropy Technologies LP now owns 4,408 shares of the software maker's stock worth $326,000 after acquiring an additional 1,000 shares during the period. GHP Investment Advisors Inc. raised its holdings in ePlus by 0.5% in the fourth quarter. GHP Investment Advisors Inc. now owns 103,342 shares of the software maker's stock worth $7,635,000 after purchasing an additional 533 shares in the last quarter. Caprock Group LLC bought a new position in ePlus in the fourth quarter worth $224,000. Swedbank AB purchased a new position in ePlus during the fourth quarter valued at $11,082,000. Finally, Cascade Investment Advisors Inc. boosted its holdings in shares of ePlus by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock valued at $1,182,000 after buying an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.
Separately, StockNews.com lowered ePlus from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
Read Our Latest Stock Analysis on ePlus
ePlus stock opened at $70.43 on Friday. ePlus inc. has a one year low of $67.66 and a one year high of $106.98. The stock has a fifty day moving average of $77.41 and a 200 day moving average of $86.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.83. The stock has a market cap of $1.89 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.
ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, sell-side analysts predict that ePlus inc. will post 4.26 EPS for the current year.
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.
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