WCM Investment Management LLC Sells 26,699 Shares of ePlus inc. (NASDAQ:PLUS)

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

Several other large investors have also modified their holdings of PLUS. Smartleaf Asset Management LLC lifted its position in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock worth $25,000 after acquiring an additional 163 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of ePlus by 256.8% during 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 during the last quarter. Quarry LP lifted its position in shares of ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after purchasing an additional 430 shares during the last quarter. Versant Capital Management Inc boosted its stake in ePlus by 377.9% during the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after purchasing an additional 563 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in ePlus in the 4th quarter valued at approximately $60,000. 93.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered ePlus from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

ePlus Stock Performance

ePlus stock traded up $0.71 during mid-day trading on Friday, reaching $72.46. The company had a trading volume of 149,227 shares, compared to its average volume of 220,177. 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 firm has a market cap of $1.92 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.83 and a beta of 1.14. The company has a 50 day moving average of $68.79 and a 200-day moving average of $68.64. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $523.85 million. On average, sell-side analysts expect that ePlus inc. will post 3.78 EPS 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.