ePlus inc. (NASDAQ:PLUS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,711 shares of the software maker's stock after selling 6,465 shares during the quarter. Nuveen Asset Management LLC owned about 0.25% of ePlus worth $4,855,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in shares of ePlus during the 4th quarter worth approximately $318,000. KLP Kapitalforvaltning AS bought a new stake in ePlus in the fourth quarter worth $384,000. Principal Financial Group Inc. lifted its position in ePlus by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker's stock worth $10,155,000 after buying an additional 4,425 shares during the last quarter. American Century Companies Inc. boosted its stake in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock worth $58,390,000 after buying an additional 121,945 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of ePlus by 126.6% in the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker's stock valued at $9,180,000 after acquiring an additional 69,410 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Down 0.4%

Shares of NASDAQ PLUS traded down $0.28 during midday trading on Wednesday, reaching $71.92. 14,823 shares of the company's stock traded hands, compared to its average volume of 211,277. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.83 and a beta of 1.12. ePlus inc. has a one year low of $53.83 and a one year high of $106.98. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The stock's 50 day simple moving average is $62.99 and its 200-day simple moving average is $69.97.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of ePlus from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

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.