Perkins Capital Management Inc. Has $738,000 Stake in ePlus inc. (NASDAQ:PLUS)

Perkins Capital Management Inc. decreased its position in ePlus inc. (NASDAQ:PLUS) by 11.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,500 shares of the software maker’s stock after selling 1,000 shares during the quarter. Perkins Capital Management Inc.’s holdings in ePlus were worth $738,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in ePlus by 349.0% in the first quarter. LSV Asset Management now owns 16,165 shares of the software maker’s stock worth $1,270,000 after purchasing an additional 12,565 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of ePlus by 100.6% in the first quarter. BNP Paribas Financial Markets now owns 40,552 shares of the software maker’s stock worth $3,185,000 after buying an additional 20,340 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of ePlus by 68.0% in the first quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after purchasing an additional 26,143 shares during the period. Boston Partners bought a new position in ePlus in the 1st quarter worth approximately $649,000. Finally, CANADA LIFE ASSURANCE Co grew its position in ePlus by 25.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock worth $2,157,000 after purchasing an additional 5,508 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Thursday.

ePlus Stock Up 9.1 %

Shares of PLUS opened at $98.00 on Thursday. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $95.40 and a two-hundred day moving average price of $85.53. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.90 and a beta of 1.13. ePlus inc. has a 12 month low of $53.53 and a 12 month high of $106.98.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The firm had revenue of $544.54 million during the quarter, compared to the consensus estimate of $555.23 million. ePlus had a net margin of 4.98% and a return on equity of 12.32%. Equities analysts predict that ePlus inc. will post 4.67 EPS for the current fiscal year.

Insider Activity

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is currently owned by insiders.

ePlus Company 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.