ePlus inc. (NASDAQ:PLUS) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 99.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 469 shares of the software maker's stock after selling 121,594 shares during the quarter. Bessemer Group Inc.'s holdings in ePlus were worth $29,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in ePlus by 91.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after buying an additional 163 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 buying an additional 303 shares during the last quarter. Quarry LP grew its holdings 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 buying an additional 430 shares during the last quarter. Versant Capital Management Inc grew its holdings 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 buying an additional 563 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in ePlus during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Price Performance

PLUS stock opened at $72.46 on Friday. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The stock's fifty day simple moving average is $68.79 and its 200-day simple moving average is $68.68. 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 stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14.

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 11.34% and a net margin of 5.22%. The business had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. Equities research analysts expect that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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.

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