LSV Asset Management Has $1.22 Million Stake in ePlus Inc. (PLUS)
LSV Asset Management trimmed its position in ePlus Inc. (NASDAQ:PLUS) by 45.8% during the fourth quarter, HoldingsChannel reports. The firm owned 16,200 shares of the software maker’s stock after selling 13,700 shares during the period. LSV Asset Management’s holdings in ePlus were worth $1,218,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of ePlus by 96.1% in the 2nd quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after purchasing an additional 761,763 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of ePlus by 101.5% in the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after purchasing an additional 462,907 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of ePlus by 90.4% in the 2nd quarter. Janus Henderson Group PLC now owns 337,412 shares of the software maker’s stock valued at $25,002,000 after purchasing an additional 160,160 shares in the last quarter. State Street Corp raised its holdings in shares of ePlus by 113.9% in the 2nd quarter. State Street Corp now owns 325,711 shares of the software maker’s stock valued at $24,135,000 after purchasing an additional 173,422 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of ePlus by 74.0% in the 2nd quarter. Northern Trust Corp now owns 230,408 shares of the software maker’s stock valued at $17,073,000 after purchasing an additional 97,991 shares in the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.
In related news, Director John E. Callies sold 1,200 shares of ePlus stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.35, for a total transaction of $96,420.00. Following the sale, the director now directly owns 11,154 shares in the company, valued at approximately $896,223.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of ePlus stock in a transaction on Friday, January 19th. The stock was sold at an average price of $80.45, for a total transaction of $241,350.00. Following the sale, the chief financial officer now owns 74,568 shares in the company, valued at $5,998,995.60. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 7th. The software maker reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.13. ePlus had a net margin of 4.01% and a return on equity of 15.06%. The firm had revenue of $342.57 million for the quarter, compared to analyst estimates of $344.25 million. analysts predict that ePlus Inc. will post 4.08 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on PLUS. Zacks Investment Research upgraded shares of ePlus from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Tuesday. Sidoti upgraded shares of ePlus from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Finally, BidaskClub lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.00.
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ePlus Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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