Geneva Capital Management LLC Sells 147,169 Shares of ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC reduced its position in ePlus inc. (NASDAQ:PLUS) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,964 shares of the software maker’s stock after selling 147,169 shares during the quarter. ePlus accounts for approximately 1.5% of Geneva Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Geneva Capital Management LLC’s holdings in ePlus were worth $87,027,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in ePlus by 68.0% during the 1st quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock valued at $5,073,000 after purchasing an additional 26,143 shares during the period. Boston Partners bought a new position in shares of ePlus during the first quarter valued at approximately $649,000. CANADA LIFE ASSURANCE Co increased its holdings in ePlus by 25.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock valued at $2,157,000 after buying an additional 5,508 shares during the period. Quest Partners LLC raised its stake in ePlus by 175.7% in the second quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock worth $803,000 after buying an additional 6,948 shares in the last quarter. Finally, Argent Capital Management LLC lifted its holdings in ePlus by 60.9% during the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock worth $934,000 after buying an additional 4,802 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

ePlus Stock Performance

PLUS stock opened at $95.22 on Wednesday. The firm has a 50-day simple moving average of $95.56 and a two-hundred day simple moving average of $85.99. 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 inc. has a one year low of $56.33 and a one year high of $106.98. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.09 and a beta of 1.13.

ePlus (NASDAQ:PLUS) last announced its earnings results on Tuesday, November 12th. The software maker reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.12). The firm had revenue of $515.17 million during the quarter, compared to analyst estimates of $576.50 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.

Insider Buying and Selling

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.02% of the stock is 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 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.