ePlus inc. (NASDAQ:PLUS) Shares Sold by Royal Bank of Canada

Royal Bank of Canada lowered its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354,952 shares of the software maker's stock after selling 70,551 shares during the quarter. Royal Bank of Canada owned approximately 1.32% of ePlus worth $26,224,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of 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 in the last quarter. Jones Financial Companies Lllp increased 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 purchasing an additional 303 shares in the last quarter. Quarry LP increased its stake in ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in ePlus during the 4th quarter valued at approximately $60,000. Finally, Meeder Asset Management Inc. acquired a new position in ePlus during the 4th quarter valued at approximately $61,000. Institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of ePlus from a "hold" rating to a "buy" rating in a research note on Saturday.

ePlus Stock Performance

ePlus stock traded up $3.32 during mid-day trading on Tuesday, reaching $70.29. 206,051 shares of the company traded hands, compared to its average volume of 213,365. 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 inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The firm's fifty day moving average is $62.22 and its two-hundred day moving average is $70.50.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. ePlus had a net margin of 4.93% and a return on equity of 11.23%. The business had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. On average, equities research analysts expect that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.