The Manufacturers Life Insurance Company Trims Holdings in ePlus inc. (NASDAQ:PLUS)

The Manufacturers Life Insurance Company reduced its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 13,876 shares of the software maker’s stock after selling 648 shares during the period. The Manufacturers Life Insurance Company’s holdings in ePlus were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PLUS. American Century Companies Inc. increased its stake in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after purchasing an additional 121,945 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in shares of ePlus in the 4th quarter worth approximately $43,517,000. Price T Rowe Associates Inc. MD grew its stake in shares of ePlus by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker’s stock worth $16,751,000 after buying an additional 38,317 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in ePlus during the 4th quarter valued at approximately $15,590,000. Finally, Swedbank AB purchased a new position in ePlus during the fourth quarter valued at $11,082,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of PLUS stock opened at $66.90 on Wednesday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 1.83. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The company’s 50-day moving average is $61.91 and its 200 day moving average is $72.41.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research note on Friday, April 18th.

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 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.