ePlus inc. (NASDAQ:PLUS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 86.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,953 shares of the software maker's stock after selling 31,962 shares during the quarter. Jane Street Group LLC's holdings in ePlus were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in shares of ePlus by 91.1% during the fourth 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 period. Jones Financial Companies Lllp increased its position in shares of ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock worth $31,000 after acquiring an additional 303 shares during the period. Quarry LP increased its position in shares of ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after acquiring an additional 430 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of ePlus during the fourth quarter worth $60,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of ePlus during the fourth quarter worth $61,000. Hedge funds and other 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, May 24th.

ePlus Stock Up 0.1%

Shares of PLUS stock traded up $0.10 on Thursday, reaching $70.94. 128,679 shares of the stock were exchanged, compared to its average volume of 211,586. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The business's 50 day moving average price is $63.17 and its 200 day moving average price is $69.97. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.83 and a beta of 1.12. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98.

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 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 firm had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. As a group, sell-side analysts expect that ePlus inc. will post 3.78 earnings per share 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.