ePlus inc. (NASDAQ:PLUS) Shares Sold by Perkins Capital Management Inc.

Perkins Capital Management Inc. decreased its stake in shares of ePlus inc. (NASDAQ:PLUS) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,500 shares of the software maker’s stock after selling 1,000 shares during the period. Perkins Capital Management Inc.’s holdings in ePlus were worth $738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of ePlus by 4,036.0% during the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after acquiring an additional 245,351 shares during the period. American Century Companies Inc. grew its holdings in ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares during the period. Swedbank AB bought a new stake in ePlus in the first quarter worth about $15,315,000. Cubist Systematic Strategies LLC acquired a new stake in ePlus in the 2nd quarter valued at about $4,740,000. Finally, CX Institutional bought a new position in shares of ePlus during the 3rd quarter valued at about $3,258,000. 93.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.02% of the company’s stock.

ePlus Trading Up 9.1 %

Shares of NASDAQ PLUS opened at $98.00 on Thursday. The business has a fifty day simple moving average of $95.40 and a 200-day simple moving average of $85.53. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.90 and a beta of 1.13. ePlus inc. has a 12 month low of $53.53 and a 12 month high of $106.98. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last released its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The firm had revenue of $544.54 million during the quarter, compared to analysts’ expectations of $555.23 million. Sell-side analysts predict that ePlus inc. will post 4.67 EPS for the current year.

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.