Wellington Management Group LLP Lowers Position in ePlus inc. (NASDAQ:PLUS)

Wellington Management Group LLP lowered its stake in shares of ePlus inc. (NASDAQ:PLUS) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 937,600 shares of the software maker’s stock after selling 31,398 shares during the period. Wellington Management Group LLP owned approximately 3.50% of ePlus worth $69,270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp raised its position in shares of ePlus by 0.6% in the 3rd quarter. State Street Corp now owns 1,021,341 shares of the software maker’s stock worth $100,439,000 after buying an additional 6,241 shares during the period. American Century Companies Inc. increased its stake in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after acquiring an additional 121,945 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after purchasing an additional 105,526 shares during the period. Swedbank AB purchased a new stake in shares of ePlus during the 4th quarter worth about $11,082,000. Finally, Principal Financial Group Inc. increased its position in ePlus by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock worth $10,155,000 after purchasing an additional 4,425 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Trading Down 2.2 %

NASDAQ:PLUS opened at $57.14 on Friday. ePlus inc. has a 12 month low of $55.39 and a 12 month high of $106.98. The business’s 50-day moving average is $67.66 and its two-hundred day moving average is $79.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The firm has a market capitalization of $1.52 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

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.