ePlus inc. (NASDAQ:PLUS) Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 38.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,886 shares of the software maker’s stock after selling 1,169 shares during the period. Vestcor Inc’s holdings in ePlus were worth $115,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cascade Investment Advisors Inc. boosted its stake in ePlus by 1.6% during the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker’s stock worth $993,000 after purchasing an additional 260 shares during the period. Huntington National Bank boosted its stake in ePlus by 35.8% during the 4th quarter. Huntington National Bank now owns 1,168 shares of the software maker’s stock worth $86,000 after purchasing an additional 308 shares during the period. Vista Finance LLC boosted its stake in ePlus by 7.8% during the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker’s stock worth $281,000 after purchasing an additional 333 shares during the period. Quarry LP boosted its stake in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker’s stock worth $35,000 after purchasing an additional 430 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of ePlus by 377.9% in the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock worth $43,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ePlus Stock Up 3.3%

PLUS stock opened at $64.31 on Tuesday. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The stock has a market capitalization of $1.71 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.56 and a current ratio of 1.71. The company has a fifty day moving average of $70.09 and a 200-day moving average of $67.51.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. ePlus had a net margin of 5.22% and a return on equity of 11.34%. The company had revenue of $498.11 million during the quarter, compared to analysts’ expectations of $523.85 million. As a group, analysts expect that ePlus inc. will post 3.78 EPS 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.