State of Tennessee Department of Treasury Sells 3,612 Shares of ePlus inc. (NASDAQ:PLUS)

State of Tennessee Department of Treasury trimmed its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 21.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,046 shares of the software maker’s stock after selling 3,612 shares during the period. State of Tennessee Department of Treasury’s holdings in ePlus were worth $964,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Mirabella Financial Services LLP acquired a new stake in shares of ePlus during the 4th quarter valued at about $43,517,000. MetLife Investment Management LLC boosted its position in shares of ePlus by 6.6% during the 4th quarter. MetLife Investment Management LLC now owns 15,995 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 996 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of ePlus by 2,300.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,400 shares of the software maker’s stock valued at $177,000 after acquiring an additional 2,300 shares in the last quarter. Mariner LLC boosted its position in shares of ePlus by 6.7% during the 4th quarter. Mariner LLC now owns 9,431 shares of the software maker’s stock valued at $697,000 after acquiring an additional 589 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of ePlus during the 4th quarter valued at about $15,590,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

ePlus Trading Up 1.0 %

Shares of PLUS stock opened at $63.01 on Friday. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98. The company has a market capitalization of $1.68 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.83 and a beta of 1.12. The firm has a 50-day moving average price of $61.90 and a 200 day moving average price of $74.46. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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 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.