Teacher Retirement System of Texas Sells 5,664 Shares of ePlus inc. (NASDAQ:PLUS)

Teacher Retirement System of Texas reduced its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 59.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,919 shares of the software maker's stock after selling 5,664 shares during the quarter. Teacher Retirement System of Texas' holdings in ePlus were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of ePlus by 625.5% during the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock valued at $62,000 after buying an additional 882 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of ePlus during the fourth quarter valued at approximately $384,000. Exchange Traded Concepts LLC purchased a new position in shares of ePlus during the first quarter valued at approximately $968,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ePlus by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker's stock valued at $5,294,000 after buying an additional 11,193 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker's stock valued at $58,390,000 after buying an additional 121,945 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

ePlus Price Performance

ePlus stock traded up $0.83 during midday trading on Wednesday, hitting $67.18. 139,445 shares of the company's stock were exchanged, compared to its average volume of 202,503. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The stock has a 50-day moving average price of $70.14 and a two-hundred day moving average price of $68.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.56 and a current ratio of 1.71. The company has a market cap of $1.78 billion, a P/E ratio of 16.59, a PEG ratio of 1.67 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 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. On average, equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current 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.