Principal Financial Group Inc. Sells 8,713 Shares of ePlus inc. (NASDAQ:PLUS)

Principal Financial Group Inc. decreased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 6.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,027 shares of the software maker’s stock after selling 8,713 shares during the period. Principal Financial Group Inc.’s holdings in ePlus were worth $13,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Larson Financial Group LLC raised 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 valued at $31,000 after acquiring an additional 307 shares in the last quarter. GAMMA Investing LLC raised its holdings in ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of ePlus during the 3rd quarter valued at about $76,000. Advisors Asset Management Inc. increased its position in shares of ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after buying an additional 342 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in ePlus in the second quarter worth about $156,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

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

ePlus Stock Performance

Shares of PLUS stock opened at $73.50 on Friday. The company’s fifty day moving average price is $84.39 and its 200-day moving average price is $86.37. The stock has a market cap of $1.97 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98.

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.