ePlus inc. (NASDAQ:PLUS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 59.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,919 shares of the software maker's stock after selling 5,664 shares during the period. Teacher Retirement System of Texas' holdings in ePlus were worth $239,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of ePlus during the fourth quarter worth about $8,683,000. HighTower Advisors LLC grew its position in ePlus by 21.3% during the 4th quarter. HighTower Advisors LLC now owns 2,816 shares of the software maker's stock worth $208,000 after purchasing an additional 495 shares during the period. Intech Investment Management LLC grew its position in ePlus by 134.1% during the 4th quarter. Intech Investment Management LLC now owns 17,980 shares of the software maker's stock worth $1,328,000 after purchasing an additional 10,299 shares during the period. Semanteon Capital Management LP acquired a new stake in ePlus during the 4th quarter worth about $636,000. Finally, Quantbot Technologies LP acquired a new stake in ePlus during the 4th quarter worth about $821,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

ePlus Price Performance

Shares of PLUS stock traded up $0.13 during trading hours on Tuesday, hitting $66.90. 47,085 shares of the company's stock were exchanged, compared to its average volume of 207,909. 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 firm has a market cap of $1.77 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.73 and a beta of 1.14. The firm has a 50 day moving average of $70.09 and a two-hundred day moving average of $68.34. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. ePlus had a return on equity of 11.34% and a net margin of 5.22%. Sell-side analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

Analyst Upgrades and Downgrades

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

ePlus Company 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.