Geneva Capital Management LLC Sells 11,671 Shares of ePlus inc. (NASDAQ:PLUS)

Geneva Capital Management LLC trimmed its stake in ePlus inc. (NASDAQ:PLUS) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 873,293 shares of the software maker’s stock after selling 11,671 shares during the period. ePlus makes up approximately 1.1% of Geneva Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Geneva Capital Management LLC owned approximately 3.26% of ePlus worth $64,519,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in ePlus by 91.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock worth $25,000 after buying an additional 163 shares in the last quarter. Larson Financial Group LLC boosted its stake in ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in ePlus by 256.8% in the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker’s stock worth $31,000 after buying an additional 303 shares in the last quarter. National Bank of Canada FI purchased a new stake in ePlus in the third quarter worth approximately $76,000. Finally, Quent Capital LLC purchased a new stake in ePlus in the fourth quarter worth approximately $94,000. 93.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd.

ePlus Price Performance

Shares of ePlus stock opened at $64.33 on Thursday. The business has a 50 day moving average of $73.66 and a 200 day moving average of $84.20. 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 market cap of $1.71 billion, a PE ratio of 16.41, a P/E/G ratio of 1.83 and a beta of 1.10. ePlus inc. has a 52 week low of $61.91 and a 52 week high of $106.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.91 earnings per share (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%. As a group, equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

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.