Creative Planning Takes Position in ePlus inc. (NASDAQ:PLUS)

Creative Planning bought a new stake in ePlus inc. (NASDAQ:PLUS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,843 shares of the software maker’s stock, valued at approximately $280,000.

A number of other institutional investors also recently modified their holdings of PLUS. Millennium Management LLC raised its stake in shares of ePlus by 4,036.0% in the second 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 last quarter. American Century Companies Inc. raised its stake in shares of ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock valued at $35,887,000 after acquiring an additional 209,511 shares during the last quarter. Swedbank AB bought a new position in shares of ePlus in the first quarter valued at approximately $15,315,000. Cubist Systematic Strategies LLC bought a new position in shares of ePlus in the second quarter valued at approximately $4,740,000. Finally, CX Institutional bought a new position in shares of ePlus in the third quarter valued at approximately $3,258,000. Institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by corporate insiders.

ePlus Stock Performance

PLUS stock opened at $98.50 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87. The company has a 50 day moving average price of $95.53 and a 200 day moving average price of $85.76. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98. The stock has a market capitalization of $2.65 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13.

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.