Dimensional Fund Advisors LP Cuts Holdings in ePlus inc. (NASDAQ:PLUS)

Dimensional Fund Advisors LP reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,326,036 shares of the software maker’s stock after selling 10,088 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ePlus were worth $97,967,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PLUS. American Century Companies Inc. raised its holdings in ePlus by 18.2% in the 4th quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock worth $58,390,000 after purchasing an additional 121,945 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of ePlus during the 4th quarter worth approximately $15,590,000. Swedbank AB purchased a new position in shares of ePlus during the 4th quarter valued at approximately $11,082,000. Principal Financial Group Inc. grew its stake in ePlus by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 137,452 shares of the software maker’s stock valued at $10,155,000 after acquiring an additional 4,425 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in ePlus by 126.6% in the 4th quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker’s stock worth $9,180,000 after acquiring an additional 69,410 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Friday, April 18th.

ePlus Price Performance

Shares of ePlus stock opened at $62.88 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.83 and a quick ratio of 1.69. The business has a 50 day simple moving average of $62.34 and a two-hundred day simple moving average of $75.16. The stock has a market capitalization of $1.67 billion, a P/E ratio of 16.04, a PEG ratio of 1.83 and a beta of 1.12. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $106.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data 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%. As a group, analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal 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.