Los Angeles Capital Management LLC Sells 3,523 Shares of ePlus inc. (NASDAQ:PLUS)

Los Angeles Capital Management LLC lessened its stake in ePlus inc. (NASDAQ:PLUS) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,419 shares of the software maker’s stock after selling 3,523 shares during the period. Los Angeles Capital Management LLC’s holdings in ePlus were worth $992,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PLUS. Operose Advisors LLC bought a new stake in shares of ePlus during the third quarter worth $33,000. DekaBank Deutsche Girozentrale bought a new stake in ePlus during the 3rd quarter worth about $98,000. Cornerstone Investment Partners LLC acquired a new position in ePlus during the 4th quarter valued at about $202,000. Caprock Group LLC bought a new position in shares of ePlus in the 4th quarter valued at about $219,000. Finally, AlphaQ Advisors LLC acquired a new stake in shares of ePlus during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their price objective on shares of ePlus from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, April 15th.

Insider Buying and Selling

In other ePlus news, Director John E. Callies sold 1,308 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the transaction, the director now owns 20,493 shares of the company’s stock, valued at approximately $1,622,430.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.41% of the stock is owned by corporate insiders.

ePlus Trading Down 0.2 %

NASDAQ:PLUS opened at $79.76 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.59 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1-year low of $42.09 and a 1-year high of $83.57. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.83 and a beta of 1.17. The business’s 50-day moving average price is $78.16 and its two-hundred day moving average price is $74.16.

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 analysts’ consensus estimates of $1.24 by ($0.22). The firm had revenue of $509.06 million for the quarter, compared to the consensus estimate of $598.25 million. ePlus had a return on equity of 15.26% and a net margin of 5.86%. On average, equities analysts expect that ePlus inc. will post 4.59 earnings per share for the current year.

ePlus Company 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.