WCM Investment Management LLC Reduces Holdings in ePlus inc. (NASDAQ:PLUS)

WCM Investment Management LLC cut its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,449 shares of the software maker's stock after selling 26,699 shares during the period. WCM Investment Management LLC owned 1.53% of ePlus worth $25,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PLUS. Exchange Traded Concepts LLC purchased a new position in ePlus in the 1st quarter valued at $968,000. Vista Finance LLC grew its holdings in shares of ePlus by 7.8% during the first quarter. Vista Finance LLC now owns 4,606 shares of the software maker's stock worth $281,000 after buying an additional 333 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of ePlus by 39.0% in the first quarter. Handelsbanken Fonder AB now owns 7,844 shares of the software maker's stock valued at $479,000 after buying an additional 2,200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock valued at $62,000 after buying an additional 882 shares during the last quarter. Finally, Bridge City Capital LLC lifted its stake in shares of ePlus by 30.1% in the first quarter. Bridge City Capital LLC now owns 47,182 shares of the software maker's stock worth $2,880,000 after buying an additional 10,910 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

Shares of ePlus stock traded up $0.30 on Wednesday, hitting $71.75. 226,826 shares of the company were exchanged, compared to its average volume of 215,172. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $68.18 and a 200 day moving average price of $68.74. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. ePlus had a return on equity of 11.34% and a net margin of 5.22%. As a group, sell-side analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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 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.