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

Royal Bank of Canada lowered its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,952 shares of the software maker's stock after selling 70,551 shares during the period. Royal Bank of Canada owned approximately 1.32% of ePlus worth $26,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in ePlus by 82.3% during the third quarter. Barclays PLC now owns 80,328 shares of the software maker's stock worth $7,899,000 after buying an additional 36,267 shares in the last quarter. KBC Group NV increased its position in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker's stock worth $102,000 after buying an additional 453 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in ePlus by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker's stock worth $1,182,000 after buying an additional 275 shares in the last quarter. Swedbank AB purchased a new position in ePlus during the fourth quarter worth $11,082,000. Finally, Caprock Group LLC purchased a new position in ePlus during the fourth quarter worth $224,000. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Price Performance

ePlus stock traded up $0.13 during mid-day trading on Wednesday, hitting $70.42. 99,612 shares of the company were exchanged, compared to its average volume of 212,088. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The business's 50 day simple moving average is $62.35 and its two-hundred day simple moving average is $70.50. The company has a market capitalization of $1.87 billion, a P/E ratio of 17.96, a PEG ratio of 1.83 and a beta of 1.12. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. ePlus had a return on equity of 11.23% and a net margin of 4.93%. The business had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. Analysts forecast that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised ePlus from a "hold" rating to a "buy" rating in a research report on Saturday.

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.