ePlus inc. (NASDAQ:PLUS) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lowered its stake in shares of ePlus inc. (NASDAQ:PLUS) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 433,148 shares of the software maker’s stock after selling 46,583 shares during the quarter. WCM Investment Management LLC’s holdings in ePlus were worth $31,689,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in ePlus by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,840 shares of the software maker’s stock worth $1,093,000 after acquiring an additional 777 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ePlus during the third quarter worth about $478,000. GAMMA Investing LLC boosted its position in ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. CWM LLC increased its holdings in ePlus by 170.2% in the 3rd quarter. CWM LLC now owns 1,602 shares of the software maker’s stock worth $158,000 after buying an additional 1,009 shares during the period. Finally, Inspire Investing LLC increased its holdings in ePlus by 148.2% in the 3rd quarter. Inspire Investing LLC now owns 13,284 shares of the software maker’s stock worth $1,306,000 after buying an additional 7,931 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of PLUS stock opened at $70.43 on Friday. The business has a 50-day simple moving average of $77.41 and a 200-day simple moving average of $86.73. The company has a quick ratio of 1.71, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.89 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. ePlus inc. has a 52-week low of $67.66 and a 52-week high of $106.98.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. On average, equities analysts expect that ePlus inc. will post 4.26 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

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.