River Road Asset Management LLC Sells 329,299 Shares of ePlus inc. (NASDAQ:PLUS)

River Road Asset Management LLC trimmed its position in shares of ePlus inc. (NASDAQ:PLUS) by 37.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 560,921 shares of the software maker’s stock after selling 329,299 shares during the quarter. River Road Asset Management LLC owned 2.08% of ePlus worth $55,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in ePlus by 75.5% during the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock valued at $35,887,000 after buying an additional 209,511 shares during the period. Millennium Management LLC lifted its stake in shares of ePlus by 4,036.0% during the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after buying an additional 245,351 shares in the last quarter. Swedbank AB bought a new position in ePlus in the 1st quarter worth approximately $15,315,000. GHP Investment Advisors Inc. grew its stake in ePlus by 0.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock valued at $10,110,000 after buying an additional 738 shares in the last quarter. Finally, Legato Capital Management LLC grew its stake in ePlus by 2.8% in the 2nd quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock valued at $6,396,000 after buying an additional 2,371 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th.

ePlus Trading Down 0.6 %

Shares of ePlus stock opened at $88.58 on Tuesday. The company’s 50-day moving average price is $95.42 and its 200-day moving average price is $85.34. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12-month low of $53.53 and a 12-month high of $102.99. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.91 and a beta of 1.13.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share 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 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 expect that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is currently 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.