Geneva Capital Management LLC Sells 11,671 Shares of ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC cut its holdings in ePlus inc. (NASDAQ:PLUS) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 873,293 shares of the software maker’s stock after selling 11,671 shares during the quarter. ePlus makes up 1.1% of Geneva Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Geneva Capital Management LLC’s holdings in ePlus were worth $64,519,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in ePlus by 256.8% in the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after purchasing an additional 303 shares in the last quarter. National Bank of Canada FI purchased a new position in ePlus in the 3rd quarter worth approximately $76,000. Finally, Advisors Asset Management Inc. lifted its holdings in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after purchasing an additional 342 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd.

ePlus Stock Up 2.2 %

Shares of PLUS opened at $64.33 on Thursday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. ePlus inc. has a 1 year low of $61.91 and a 1 year high of $106.98. The business’s 50 day simple moving average is $73.66 and its 200-day simple moving average is $84.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. As a group, equities analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal 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.