Bank of New York Mellon Corp Has $16.05 Million Holdings in ePlus inc. (NASDAQ:PLUS)

Bank of New York Mellon Corp decreased its position in ePlus inc. (NASDAQ:PLUS) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,815 shares of the software maker’s stock after selling 7,059 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of ePlus worth $16,049,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in ePlus in the 4th quarter valued at about $40,000. CWM LLC grew its position in ePlus by 1,247.7% in the second quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after acquiring an additional 549 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in ePlus during the first quarter worth about $58,000. EntryPoint Capital LLC lifted its holdings in shares of ePlus by 1,236.7% in the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after acquiring an additional 977 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of ePlus in the 1st quarter valued at approximately $202,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

ePlus stock opened at $88.18 on Friday. The business has a 50 day moving average of $85.69 and a 200-day moving average of $80.23. The company has a market capitalization of $2.38 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.05 and a beta of 1.11. ePlus inc. has a 1 year low of $53.53 and a 1 year high of $96.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87.

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

Analyst Upgrades and Downgrades

PLUS has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a research note on Friday, August 16th.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $73.45, for a total transaction of $367,250.00. Following the transaction, the chief financial officer now directly owns 53,996 shares of the company’s stock, valued at approximately $3,966,006.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.41% of the stock is currently owned by company insiders.

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 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, storage-as-a-service, server and desktop support, and project management services.