Phocas Financial Corp. Lowers Position in ePlus inc. (NASDAQ:PLUS)

Phocas Financial Corp. trimmed its position in shares of ePlus inc. (NASDAQ:PLUS) by 85.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,431 shares of the software maker’s stock after selling 36,396 shares during the quarter. Phocas Financial Corp.’s holdings in ePlus were worth $475,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its holdings in ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of ePlus in the 3rd quarter worth approximately $76,000. Quent Capital LLC bought a new position in shares of ePlus in the fourth quarter valued at approximately $94,000. KBC Group NV increased its position in shares of ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after acquiring an additional 453 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $66.69 on Wednesday. The firm has a market capitalization of $1.78 billion, a PE ratio of 17.01, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $74.84 and a two-hundred day moving average price of $85.24. ePlus inc. has a twelve month low of $65.46 and a twelve month high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.37). ePlus had a return on equity of 11.23% and a net margin of 4.93%. Equities analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

Wall Street Analyst Weigh In

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

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 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.