Allspring Global Investments Holdings LLC Sells 7,552 Shares of ePlus inc. (NASDAQ:PLUS)

Allspring Global Investments Holdings LLC reduced its position in ePlus inc. (NASDAQ:PLUS – Get Rating) by 5.8% in the 3rd quarter, Holdings Channel reports. The firm owned 121,929 shares of the software maker’s stock after selling 7,552 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ePlus were worth $5,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in ePlus by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,977,393 shares of the software maker’s stock worth $110,852,000 after acquiring an additional 36,331 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in ePlus by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,395,393 shares of the software maker’s stock worth $78,226,000 after acquiring an additional 13,838 shares in the last quarter. Geneva Capital Management LLC raised its stake in ePlus by 13.7% during the second quarter. Geneva Capital Management LLC now owns 1,323,147 shares of the software maker’s stock worth $70,285,000 after acquiring an additional 159,361 shares in the last quarter. WCM Investment Management LLC raised its stake in ePlus by 1.7% during the third quarter. WCM Investment Management LLC now owns 805,765 shares of the software maker’s stock worth $33,423,000 after acquiring an additional 13,495 shares in the last quarter. Finally, Northern Trust Corp raised its stake in ePlus by 1.3% during the first quarter. Northern Trust Corp now owns 640,599 shares of the software maker’s stock worth $35,913,000 after acquiring an additional 7,941 shares in the last quarter. 93.58% of the stock is owned by institutional investors.

ePlus Stock Performance

Shares of NASDAQ:PLUS opened at $47.89 on Tuesday. ePlus inc. has a twelve month low of $40.37 and a twelve month high of $62.82. The firm has a market cap of $1.29 billion, a PE ratio of 12.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.31 and a current ratio of 1.76. The business has a fifty day moving average of $47.26 and a 200-day moving average of $47.67.

ePlus (NASDAQ:PLUS – Get Rating) last announced its earnings results on Thursday, November 3rd. The software maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.25. ePlus had a return on equity of 15.14% and a net margin of 5.35%. The company had revenue of $493.71 million during the quarter, compared to analyst estimates of $484.40 million. On average, equities research analysts predict that ePlus inc. will post 3.74 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on ePlus in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, Director John E. Callies sold 1,600 shares of ePlus stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $48.08, for a total value of $76,928.00. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $1,036,027.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.27% of the company’s stock.

ePlus Profile

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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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, server and desktop support, and project management services.