ePlus inc. (NASDAQ:PLUS) Position Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,507 shares of the software maker’s stock after selling 368 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of ePlus worth $1,515,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in ePlus by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock valued at $38,835,000 after buying an additional 3,877 shares during the period. Larson Financial Group LLC grew its stake in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after acquiring an additional 307 shares in the last quarter. FMR LLC increased its holdings in shares of ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ePlus by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,467 shares of the software maker’s stock worth $5,946,000 after purchasing an additional 1,078 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of ePlus in the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

PLUS opened at $61.93 on Monday. The stock has a fifty day moving average price of $69.76 and a 200 day moving average price of $80.84. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. ePlus inc. has a 1 year low of $61.17 and a 1 year high of $106.98. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.83 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last posted 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 return on equity of 11.23% and a net margin of 4.93%. Analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.