Charles Schwab Investment Management Inc. Sells 4,324 Shares of ePlus inc. (NASDAQ:PLUS)

Charles Schwab Investment Management Inc. reduced its stake in ePlus inc. (NASDAQ:PLUS) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,579 shares of the software maker’s stock after selling 4,324 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.46% of ePlus worth $28,856,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 163 shares during the period. Cascade Investment Advisors Inc. raised its position in shares of ePlus by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 16,004 shares of the software maker’s stock worth $1,182,000 after buying an additional 275 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of 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. Larson Financial Group LLC raised its position in shares of 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. Finally, Advisors Asset Management Inc. raised its position in shares of ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after buying an additional 342 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th.

ePlus Trading Up 0.4 %

NASDAQ PLUS opened at $64.36 on Tuesday. The stock’s 50-day simple moving average is $72.14 and its two-hundred day simple moving average is $82.49. ePlus inc. has a twelve month low of $61.91 and a twelve month high of $106.98. 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 capitalization of $1.71 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.83 and a beta of 1.15.

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

ePlus Company 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.