ePlus inc. (NASDAQ:PLUS) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its position in ePlus inc. (NASDAQ:PLUS) by 3.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,391 shares of the software maker’s stock after selling 2,200 shares during the period. Public Sector Pension Investment Board’s holdings in ePlus were worth $5,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in ePlus by 68.0% during the 1st quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after buying an additional 26,143 shares during the last quarter. Boston Partners bought a new position in ePlus during the first quarter worth $649,000. Quest Partners LLC lifted its stake in ePlus by 175.7% during the second quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock worth $803,000 after purchasing an additional 6,948 shares during the last quarter. WCM Investment Management LLC boosted its holdings in ePlus by 3.3% in the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock worth $47,407,000 after purchasing an additional 15,294 shares during the period. Finally, Argent Capital Management LLC increased its stake in ePlus by 60.9% during the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock valued at $934,000 after purchasing an additional 4,802 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

ePlus Trading Up 0.1 %

Shares of NASDAQ PLUS opened at $80.86 on Monday. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $92.75 and its 200 day simple moving average is $86.29.

Insiders Place Their Bets

In related news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. This trade represents a 7.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is owned by corporate insiders.

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.