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Royce & Associates LP Has $6.54 Million Holdings in ePlus inc. (NASDAQ:PLUS)

ePlus logo with Computer and Technology background

Key Points

  • Royce & Associates LP reduced its stake in ePlus Inc. by 8.4%, holding approximately 107,092 shares worth $6.54 million at the end of the recent quarter.
  • Multiple hedge funds have adjusted their ePlus holdings, with Castlekeep Investment Advisors LLC acquiring a new position valued at $127.9 million in the fourth quarter.
  • Analysts at Wall Street Zen downgraded ePlus from a "buy" rating to a "hold" rating as of June 27, indicating a shift in market sentiment around the stock.
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Royce & Associates LP cut its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,092 shares of the software maker's stock after selling 9,839 shares during the period. Royce & Associates LP owned about 0.40% of ePlus worth $6,536,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of ePlus in the 4th quarter worth approximately $127,898,000. Mirabella Financial Services LLP acquired a new position in shares of ePlus in the 4th quarter worth approximately $43,517,000. Northern Trust Corp raised its holdings in shares of ePlus by 8.2% in the 4th 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. Price T Rowe Associates Inc. MD increased its holdings in ePlus by 20.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker's stock valued at $16,751,000 after purchasing an additional 38,317 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in ePlus during the 4th quarter valued at $15,590,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on ePlus

ePlus Trading Up 1.1%

PLUS stock opened at $67.12 on Friday. The business has a fifty day moving average price of $70.15 and a 200 day moving average price of $68.10. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.71 and a quick ratio of 1.56.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. ePlus had a return on equity of 11.34% and a net margin of 5.22%. The firm had revenue of $498.11 million during the quarter, compared to analysts' expectations of $523.85 million. Analysts expect that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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