ePlus inc. (NASDAQ:PLUS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 33.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,789 shares of the software maker's stock after selling 30,037 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of ePlus worth $3,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after acquiring an additional 163 shares in the last quarter. Jones Financial Companies Lllp grew its stake in ePlus by 256.8% during the 4th quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after acquiring an additional 303 shares in the last quarter. Assetmark Inc. grew its stake in ePlus by 10.4% during the 4th quarter. Assetmark Inc. now owns 20,914 shares of the software maker's stock valued at $1,545,000 after acquiring an additional 1,971 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ePlus during the 4th quarter valued at about $8,683,000. Finally, HighTower Advisors LLC grew its stake in ePlus by 21.3% during the 4th quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker's stock valued at $208,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.

ePlus Price Performance

NASDAQ PLUS traded down $0.41 during trading hours on Thursday, hitting $71.17. 72,479 shares of the company's stock traded hands, compared to its average volume of 212,456. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The company has a market capitalization of $1.89 billion, a PE ratio of 17.57, a PEG ratio of 1.77 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56. The firm's 50-day moving average is $69.28 and its 200-day moving average is $68.62.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating 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 business had revenue of $498.11 million during the quarter, compared to analysts' expectations of $523.85 million. Equities analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analyst Ratings Changes

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 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.