Algert Global LLC trimmed its stake in ePlus inc. (NASDAQ:PLUS – Free Report) by 12.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 69,409 shares of the software maker’s stock after selling 9,802 shares during the quarter. Algert Global LLC owned approximately 0.26% of ePlus worth $5,114,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in ePlus by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,403,588 shares of the software maker’s stock worth $191,902,000 after purchasing an additional 27,582 shares during the last quarter. Gobi Capital LLC acquired a new position in shares of ePlus during the fourth quarter worth approximately $49,190,000. American Century Companies Inc. grew its holdings in ePlus by 75.5% in the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after buying an additional 209,511 shares in the last quarter. Millennium Management LLC increased its position in ePlus by 4,036.0% in the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock valued at $18,525,000 after acquiring an additional 245,351 shares during the period. Finally, Swedbank AB bought a new stake in ePlus during the 1st quarter valued at $15,315,000. Institutional investors and hedge funds own 93.80% of the company’s stock.
ePlus Trading Up 0.8 %
Shares of NASDAQ:PLUS opened at $98.82 on Monday. The company has a 50 day moving average of $91.15 and a 200-day moving average of $81.71. The company has a current ratio of 2.01, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.66 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.11 and a beta of 1.11. ePlus inc. has a twelve month low of $53.53 and a twelve month high of $102.32.
Analyst Ratings Changes
Separately, StockNews.com raised ePlus from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th.
Read Our Latest Stock Report on PLUS
Insider Activity at ePlus
In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.41% of the company’s stock.
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.
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