Teacher Retirement System of Texas Sells 7,792 Shares of ePlus inc. (NASDAQ:PLUS)

Teacher Retirement System of Texas decreased its position in ePlus inc. (NASDAQ:PLUS) by 44.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,583 shares of the software maker’s stock after selling 7,792 shares during the quarter. Teacher Retirement System of Texas’ holdings in ePlus were worth $708,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in ePlus by 91.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker’s stock valued at $25,000 after purchasing an additional 163 shares during the period. Larson Financial Group LLC lifted its holdings in shares of ePlus by 6,140.0% during 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 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 valued at $31,000 after acquiring an additional 303 shares during the period. National Bank of Canada FI bought a new stake in shares of ePlus in the third quarter valued at about $76,000. Finally, Quent Capital LLC acquired a new position in shares of ePlus in the fourth quarter valued at about $94,000. Institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

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

ePlus Trading Down 3.6 %

Shares of PLUS stock opened at $61.93 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. ePlus inc. has a 1 year low of $61.17 and a 1 year high of $106.98. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $69.76 and a 200 day simple moving average of $80.84.

ePlus (NASDAQ:PLUS) last released its 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%. On average, research analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

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.