ePlus inc. (NASDAQ:PLUS) Holdings Cut by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 99.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 469 shares of the software maker's stock after selling 121,594 shares during the period. Bessemer Group Inc.'s holdings in ePlus were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLUS. Castlekeep Investment Advisors LLC purchased a new position in ePlus in the fourth quarter valued at about $127,898,000. American Century Companies Inc. boosted its stake in shares of ePlus by 18.2% during the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after buying an additional 121,945 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in shares of ePlus during the 4th quarter valued at approximately $43,517,000. Northern Trust Corp grew its position in shares of ePlus by 8.2% during the fourth quarter. Northern Trust Corp now owns 496,648 shares of the software maker's stock worth $36,692,000 after buying an additional 37,496 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of ePlus by 20.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker's stock worth $16,751,000 after buying an additional 38,317 shares during the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Down 0.2%

ePlus stock traded down $0.16 during midday trading on Tuesday, hitting $70.37. The stock had a trading volume of 179,249 shares, compared to its average volume of 218,023. The business has a fifty day moving average price of $69.10 and a 200 day moving average price of $68.60. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $106.98. The stock has a market cap of $1.87 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.78 and a beta of 1.14. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS - Get Free Report) last issued its earnings results on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $498.11 million during 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%. Research analysts predict that ePlus inc. will post 3.78 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.