Uniplan Investment Counsel Inc. cut its stake in shares of ePlus Inc. (NASDAQ:PLUS) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,341 shares of the software maker’s stock after selling 3,830 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.60% of ePlus worth $5,860,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in ePlus by 1.0% in the 4th quarter. BlackRock Inc. now owns 1,953,108 shares of the software maker’s stock worth $139,003,000 after purchasing an additional 19,475 shares during the period. Vanguard Group Inc boosted its stake in ePlus by 0.4% in the 3rd quarter. Vanguard Group Inc now owns 1,125,813 shares of the software maker’s stock worth $104,364,000 after purchasing an additional 4,199 shares during the period. Vanguard Group Inc. boosted its stake in ePlus by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,125,813 shares of the software maker’s stock worth $104,364,000 after purchasing an additional 4,199 shares during the period. PNC Financial Services Group Inc. boosted its stake in ePlus by 34.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 500,868 shares of the software maker’s stock worth $35,646,000 after purchasing an additional 128,721 shares during the period. Finally, Atlanta Capital Management Co. L L C boosted its stake in ePlus by 7.1% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 264,647 shares of the software maker’s stock worth $18,835,000 after purchasing an additional 17,437 shares during the period. Institutional investors own 92.57% of the company’s stock.
Several research analysts have weighed in on the company. BidaskClub downgraded ePlus from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded ePlus from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine upgraded ePlus from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Sidoti assumed coverage on ePlus in a research note on Monday, November 19th. They issued a “neutral” rating and a $86.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. ePlus currently has a consensus rating of “Hold” and an average price target of $99.00.
Shares of PLUS opened at $89.57 on Friday. The company has a market cap of $1.22 billion, a PE ratio of 21.23 and a beta of 1.30. ePlus Inc. has a 1 year low of $65.52 and a 1 year high of $107.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.56 and a current ratio of 1.70.
ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The business had revenue of $345.66 million for the quarter, compared to analysts’ expectations of $340.40 million. ePlus had a return on equity of 16.64% and a net margin of 4.14%. As a group, equities analysts forecast that ePlus Inc. will post 4.49 EPS for the current fiscal year.
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ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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