Charles Schwab Investment Management Inc. Increases Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Charles Schwab Investment Management Inc. raised its position in ePlus inc. (NASDAQ:PLUS) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,903 shares of the software maker’s stock after buying an additional 3,877 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ePlus were worth $38,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. CWM LLC increased its position in ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after acquiring an additional 549 shares during the period. Innealta Capital LLC acquired a new stake in ePlus in the second quarter worth about $66,000. Advisors Asset Management Inc. lifted its position in ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after purchasing an additional 342 shares during the period. Finally, Picton Mahoney Asset Management bought a new stake in ePlus in the second quarter worth about $156,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ePlus Stock Performance

PLUS stock opened at $83.08 on Tuesday. The firm has a 50 day simple moving average of $92.44 and a 200 day simple moving average of $86.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The stock has a market cap of $2.23 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.84 and a beta of 1.13.

Insider Transactions at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.02% of the company’s stock.

ePlus 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.