Pacific Ridge Capital Partners LLC Trims Position in ePlus Inc. (NASDAQ:PLUS)

Pacific Ridge Capital Partners LLC lessened its stake in shares of ePlus Inc. (NASDAQ:PLUS) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,440 shares of the software maker’s stock after selling 210 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in ePlus were worth $570,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new position in shares of ePlus in the 1st quarter worth approximately $62,000. Zions Bancorporation N.A. acquired a new stake in shares of ePlus during the first quarter worth $191,000. Everence Capital Management Inc. acquired a new stake in shares of ePlus during the first quarter worth $202,000. BNP Paribas Arbitrage SA raised its position in shares of ePlus by 1,348.7% during the first quarter. BNP Paribas Arbitrage SA now owns 2,796 shares of the software maker’s stock worth $248,000 after purchasing an additional 2,603 shares during the period. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of ePlus during the first quarter worth $255,000. Institutional investors and hedge funds own 91.39% of the company’s stock.

ePlus stock traded up $1,372,672,951.13 during trading hours on Friday, hitting $1,372,673,020.00. The stock had a trading volume of 227,370 shares, compared to its average volume of 77,202. ePlus Inc. has a fifty-two week low of $65.52 and a fifty-two week high of $107.25. The stock has a market cap of $921.42 million, a P/E ratio of 295,198,498.92 and a beta of 1.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 1.70. The company’s 50-day simple moving average is $76.10.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.18. The company had revenue of $325.43 million during the quarter, compared to analysts’ expectations of $357.65 million. ePlus had a net margin of 4.60% and a return on equity of 16.81%. On average, equities analysts anticipate that ePlus Inc. will post 4.24 earnings per share for the current fiscal year.

In other ePlus news, CFO Elaine D. Marion sold 4,773 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $95.02, for a total transaction of $453,530.46. Following the transaction, the chief financial officer now directly owns 62,440 shares in the company, valued at approximately $5,933,048.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence S. Herman sold 600 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $71.74, for a total transaction of $43,044.00. Following the transaction, the director now owns 10,749 shares in the company, valued at $771,133.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,600 shares of company stock worth $1,354,709. Company insiders own 2.72% of the company’s stock.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded ePlus from a “buy” rating to a “hold” rating in a report on Monday. Berenberg Bank downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research upgraded ePlus from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $99.50.

About ePlus

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.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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