ePlus inc. (NASDAQ:PLUS) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,593 shares of the software maker's stock after selling 13,527 shares during the quarter. Truist Financial Corp owned approximately 0.28% of ePlus worth $5,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLUS. Exchange Traded Concepts LLC purchased a new stake in ePlus in the 3rd quarter valued at about $27,000. Operose Advisors LLC purchased a new stake in shares of ePlus in the third quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale bought a new position in ePlus in the third quarter worth approximately $98,000. Cornerstone Investment Partners LLC purchased a new position in ePlus during the 4th quarter worth $202,000. Finally, Caprock Group LLC bought a new stake in ePlus during the 4th quarter valued at $219,000. 93.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on ePlus from $70.00 to $80.00 and gave the company a "hold" rating in a report on Monday, April 15th. Sidoti cut shares of ePlus from a "buy" rating to a "neutral" rating and set a $83.00 price target for the company. in a research report on Monday, January 8th.

Insider Activity

In related news, Director John E. Callies sold 1,308 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $79.17, for a total transaction of $103,554.36. Following the completion of the sale, the director now directly owns 20,493 shares in the company, valued at $1,622,430.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.41% of the company's stock.

ePlus Price Performance

NASDAQ PLUS traded up $0.96 on Friday, hitting $77.92. The company had a trading volume of 103,218 shares, compared to its average volume of 130,806. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.59. The company has a market capitalization of $2.10 billion, a PE ratio of 16.44 and a beta of 1.17. ePlus inc. has a 12-month low of $41.71 and a 12-month high of $83.57. The company's fifty day moving average price is $78.26 and its 200-day moving average price is $73.86.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.22). ePlus had a return on equity of 15.26% and a net margin of 5.86%. The company had revenue of $509.06 million for the quarter, compared to analyst estimates of $598.25 million. As a group, analysts predict that ePlus inc. will post 4.59 earnings per share for the current year.

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.