Nisa Investment Advisors LLC Decreases Stake in ePlus inc. (NASDAQ:PLUS)

Nisa Investment Advisors LLC lowered its stake in ePlus inc. (NASDAQ:PLUS) by 60.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,060 shares of the software maker’s stock after selling 1,622 shares during the period. Nisa Investment Advisors LLC’s holdings in ePlus were worth $104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares during the period. Millennium Management LLC increased its stake in shares of ePlus by 4,036.0% in the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after acquiring an additional 245,351 shares during the period. Swedbank AB acquired a new stake in shares of ePlus in the first quarter worth $15,315,000. GHP Investment Advisors Inc. increased its stake in shares of ePlus by 0.7% in the third quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock worth $10,110,000 after acquiring an additional 738 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of ePlus by 2.8% in the second quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock worth $6,396,000 after acquiring an additional 2,371 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 0.6 %

PLUS stock opened at $98.57 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of 24.16, a P/E/G ratio of 1.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The firm’s fifty day moving average is $95.48 and its 200 day moving average is $85.62. ePlus inc. has a one year low of $53.53 and a one year high of $106.98.

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 analyst estimates of $555.23 million. ePlus had a net margin of 4.98% and a return on equity of 12.32%. On average, research analysts forecast that ePlus inc. will post 4.67 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Activity at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.02% of the stock is owned by company insiders.

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.