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

Yousif Capital Management LLC lowered its position in shares of ePlus inc. (NASDAQ:PLUS) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,049 shares of the software maker’s stock after selling 206 shares during the period. Yousif Capital Management LLC’s holdings in ePlus were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Caprock Group LLC acquired a new position in ePlus in the fourth quarter valued at about $224,000. Swedbank AB acquired a new stake in ePlus during the 4th quarter worth approximately $11,082,000. Cascade Investment Advisors Inc. raised its stake in shares of ePlus by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock valued at $1,182,000 after acquiring an additional 275 shares in the last quarter. KBC Group NV boosted its stake in shares of ePlus by 48.9% in the 4th quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after buying an additional 453 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in ePlus by 16.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 19,543 shares of the software maker’s stock worth $1,444,000 after acquiring an additional 2,762 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a report on Friday.

ePlus Stock Up 0.8 %

Shares of NASDAQ:PLUS opened at $70.31 on Friday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.65 and a beta of 1.10. ePlus inc. has a fifty-two week low of $67.09 and a fifty-two week high of $106.98. The firm’s 50-day simple moving average is $76.26 and its 200-day simple moving average is $86.04. The company has a quick ratio of 1.71, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. As a group, equities research analysts predict that ePlus inc. will post 4.26 earnings per share for the current year.

About ePlus

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.