Renaissance Technologies LLC Sells 555 Shares of ePlus inc. (NASDAQ:PLUS)

Renaissance Technologies LLC lowered its stake in shares of ePlus inc. (NASDAQ:PLUS) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,300 shares of the software maker’s stock after selling 555 shares during the period. Renaissance Technologies LLC owned 0.15% of ePlus worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gobi Capital LLC purchased a new position in ePlus during the fourth quarter worth $49,190,000. Capstone Investment Advisors LLC purchased a new position in ePlus during the first quarter worth $1,903,000. LSV Asset Management boosted its stake in ePlus by 349.0% during the first quarter. LSV Asset Management now owns 16,165 shares of the software maker’s stock worth $1,270,000 after buying an additional 12,565 shares during the period. BNP Paribas Financial Markets boosted its stake in ePlus by 100.6% during 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 period. Finally, Janus Henderson Group PLC boosted its stake in ePlus by 68.0% during the first quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after buying an additional 26,143 shares during the period. Institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were 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 $5,940,907.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.41% of the company’s stock.

ePlus Stock Performance

PLUS stock opened at $98.34 on Tuesday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.11 and a beta of 1.11. The firm has a 50-day simple moving average of $91.15 and a two-hundred day simple moving average of $81.71. ePlus inc. has a one year low of $53.53 and a one year high of $102.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01.

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

About ePlus

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.