Geneva Capital Management LLC Decreases Stake in ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC lessened its position in shares of ePlus inc. (NASDAQ:PLUS) by 14.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,964 shares of the software maker’s stock after selling 147,169 shares during the quarter. ePlus comprises 1.5% of Geneva Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Geneva Capital Management LLC owned approximately 3.29% of ePlus worth $87,027,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings 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 valued at $5,073,000 after purchasing an additional 26,143 shares in the last quarter. Boston Partners bought a new stake in shares of ePlus in the 1st quarter worth about $649,000. CANADA LIFE ASSURANCE Co raised its position in shares of ePlus by 25.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock valued at $2,157,000 after buying an additional 5,508 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of ePlus by 175.7% in the 2nd quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock valued at $803,000 after acquiring an additional 6,948 shares during the last quarter. Finally, Argent Capital Management LLC grew its position in ePlus by 60.9% in the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock worth $934,000 after acquiring an additional 4,802 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.02% of the stock is owned by corporate insiders.

ePlus Trading Down 2.2 %

Shares of PLUS opened at $95.22 on Wednesday. The company’s fifty day simple moving average is $95.56 and its 200-day simple moving average is $85.99. The company has a market cap of $2.56 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.09 and a beta of 1.13. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Tuesday, November 12th. The software maker reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.12). ePlus had a return on equity of 12.32% and a net margin of 4.98%. The firm had revenue of $515.17 million during the quarter, compared to analysts’ expectations of $576.50 million. As a group, analysts expect that ePlus inc. will post 4.67 EPS for the current year.

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.