Teacher Retirement System of Texas Cuts Holdings in ePlus (PLUS)


Teacher Retirement System of Texas decreased its position in ePlus (NASDAQ:PLUS) by 36.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,093 shares of the software maker’s stock after selling 1,754 shares during the period. Teacher Retirement System of Texas’ holdings in ePlus were worth $240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teachers Advisors LLC lifted its stake in ePlus by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 24,075 shares of the software maker’s stock valued at $1,810,000 after acquiring an additional 701 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of ePlus by 3.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 25,467 shares of the software maker’s stock worth $1,915,000 after purchasing an additional 831 shares in the last quarter. Swiss National Bank raised its stake in shares of ePlus by 4.2% during the 1st quarter. Swiss National Bank now owns 24,628 shares of the software maker’s stock worth $1,914,000 after purchasing an additional 1,000 shares in the last quarter. Chicago Equity Partners LLC raised its stake in shares of ePlus by 1.0% during the 1st quarter. Chicago Equity Partners LLC now owns 102,625 shares of the software maker’s stock worth $7,974,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of ePlus by 31.5% during the 4th quarter. Citadel Advisors LLC now owns 4,612 shares of the software maker’s stock worth $347,000 after purchasing an additional 1,105 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.


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In related news, Director Eric D. Hovde sold 3,646 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $93.53, for a total value of $341,010.38. Following the sale, the director now owns 64,644 shares in the company, valued at approximately $6,046,153.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Phillip G. Norton sold 10,000 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $91.75, for a total value of $917,500.00. Following the completion of the sale, the chairman now owns 42,537 shares in the company, valued at approximately $3,902,769.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,873 shares of company stock worth $4,917,588. 3.25% of the stock is owned by company insiders.


Shares of ePlus opened at $95.70 on Friday, Marketbeat.com reports. ePlus has a 12-month low of $67.65 and a 12-month high of $99.80. The company has a market cap of $1.31 billion, a PE ratio of 23.68 and a beta of 1.17. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, May 24th. The software maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.03). ePlus had a net margin of 3.91% and a return on equity of 15.10%. The business had revenue of $330.43 million during the quarter, compared to the consensus estimate of $352.50 million. equities analysts expect that ePlus will post 5.19 earnings per share for the current fiscal year.


PLUS has been the topic of a number of analyst reports. ValuEngine upgraded ePlus from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub upgraded ePlus from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Zacks Investment Research cut ePlus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Stifel Nicolaus upped their price objective on ePlus from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, May 25th. Finally, Sidoti cut ePlus from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.00.


ePlus Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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