ePlus inc. (NASDAQ:PLUS) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its position in shares of ePlus inc. (NASDAQ:PLUS) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,798 shares of the software maker’s stock after selling 198 shares during the quarter. Seizert Capital Partners LLC’s holdings in ePlus were worth $2,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Quarry LP grew its stake in shares of ePlus by 1,000.0% in the fourth quarter. Quarry LP now owns 473 shares of the software maker’s stock valued at $35,000 after buying an additional 430 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock valued at $43,000 after buying an additional 563 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of ePlus in the fourth quarter valued at about $60,000. Meeder Asset Management Inc. acquired a new stake in shares of ePlus in the fourth quarter valued at about $61,000. Finally, GAMMA Investing LLC grew its stake in shares of ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker’s stock valued at $62,000 after buying an additional 882 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $68.59 on Wednesday. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The business has a 50 day moving average price of $70.22 and a two-hundred day moving average price of $67.99. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.82 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.34% and a net margin of 5.22%. The firm had revenue of $498.11 million during the quarter, compared to analyst estimates of $523.85 million. Sell-side analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a research note on Friday, June 27th.

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.