Comerica Bank reduced its holdings in ePlus Inc. (NASDAQ:PLUS) by 8.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,337 shares of the software maker’s stock after selling 1,191 shares during the quarter. Comerica Bank owned approximately 0.10% of ePlus worth $1,160,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of ePlus by 9.0% in the 2nd quarter. BlackRock Inc. now owns 1,890,422 shares of the software maker’s stock worth $177,888,000 after buying an additional 155,908 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of ePlus by 4.8% in the 2nd quarter. Janus Henderson Group PLC now owns 326,208 shares of the software maker’s stock worth $30,696,000 after buying an additional 14,876 shares during the last quarter. Northern Trust Corp lifted its position in shares of ePlus by 4.0% in the 2nd quarter. Northern Trust Corp now owns 253,900 shares of the software maker’s stock worth $23,892,000 after buying an additional 9,706 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of ePlus by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 114,794 shares of the software maker’s stock worth $10,803,000 after buying an additional 5,553 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of ePlus by 47.0% in the 2nd quarter. Wells Fargo & Company MN now owns 84,416 shares of the software maker’s stock worth $7,943,000 after buying an additional 26,986 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.

A number of research firms recently weighed in on PLUS. BidaskClub raised shares of ePlus from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of ePlus in a report on Friday, August 10th. Sidoti began coverage on shares of ePlus in a report on Monday, November 19th. They issued a “neutral” rating and a $86.00 price objective on the stock. Finally, ValuEngine cut shares of ePlus from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.00.

PLUS stock opened at $74.72 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 1.70. ePlus Inc. has a fifty-two week low of $67.65 and a fifty-two week high of $107.25. The stock has a market capitalization of $1.05 billion, a P/E ratio of 18.07 and a beta of 1.23.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.07). ePlus had a return on equity of 16.58% and a net margin of 4.20%. The firm had revenue of $345.04 million during the quarter, compared to analyst estimates of $378.95 million. As a group, research analysts forecast that ePlus Inc. will post 4.57 earnings per share for the current fiscal year.

In other ePlus news, CEO Mark P. Marron sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total transaction of $2,019,800.00. Following the transaction, the chief executive officer now owns 99,752 shares of the company’s stock, valued at approximately $10,073,954.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mark P. Marron sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $101.80, for a total transaction of $1,018,000.00. Following the transaction, the chief executive officer now directly owns 99,752 shares in the company, valued at approximately $10,154,753.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,500 shares of company stock worth $3,089,015. Corporate insiders own 2.72% of the company’s stock.

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ePlus Profile

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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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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