Seizert Capital Partners LLC Sells 984 Shares of ePlus inc. (NASDAQ:PLUS)

Seizert Capital Partners LLC cut its holdings in ePlus inc. (NASDAQ:PLUS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,996 shares of the software maker’s stock after selling 984 shares during the period. Seizert Capital Partners LLC’s holdings in ePlus were worth $3,398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in ePlus by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after acquiring an additional 229,837 shares during the period. FMR LLC increased its stake in ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after acquiring an additional 463,621 shares during the period. State Street Corp increased its stake in ePlus by 0.6% during the third quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock valued at $100,439,000 after acquiring an additional 6,241 shares during the period. Wellington Management Group LLP increased its stake in ePlus by 20.4% during the third quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after acquiring an additional 164,016 shares during the period. Finally, Geode Capital Management LLC increased its stake in ePlus by 16.8% during the third quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after acquiring an additional 105,526 shares during the period. 93.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

ePlus Trading Up 0.1 %

PLUS stock opened at $62.95 on Wednesday. ePlus inc. has a 1-year low of $61.91 and a 1-year high of $106.98. The firm has a market cap of $1.68 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.83 and a beta of 1.10. The business’s 50 day moving average is $73.85 and its 200-day moving average is $84.34. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.37). ePlus had a net margin of 4.93% and a return on equity of 11.23%. Equities analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal 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 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.