Thrivent Financial for Lutherans Has $1.52 Million Stock Position in ePlus inc. (NASDAQ:PLUS)

Thrivent Financial for Lutherans reduced its holdings in ePlus inc. (NASDAQ:PLUS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,507 shares of the software maker’s stock after selling 368 shares during the period. Thrivent Financial for Lutherans’ holdings in ePlus were worth $1,515,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLUS. FMR LLC lifted its stake in shares of ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after buying an additional 463,621 shares during the period. State Street Corp lifted its position in shares of ePlus by 0.6% in the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock worth $100,439,000 after acquiring an additional 6,241 shares during the period. Wellington Management Group LLP grew its holdings in shares of ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock worth $95,291,000 after purchasing an additional 164,016 shares in the last quarter. Geode Capital Management LLC increased its position in shares of ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after purchasing an additional 105,526 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ePlus by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock valued at $38,835,000 after purchasing an additional 3,877 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Thursday.

ePlus Stock Performance

NASDAQ:PLUS opened at $61.93 on Monday. The firm has a market capitalization of $1.65 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. 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 inc. has a 12-month low of $61.17 and a 12-month high of $106.98. The firm has a 50-day moving average price of $69.76 and a 200 day moving average price of $80.84.

ePlus (NASDAQ:PLUS) last issued its 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 return on equity of 11.23% and a net margin of 4.93%. Research analysts anticipate 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.