2,321 Shares in ePlus inc. (NASDAQ:PLUS) Bought by HighTower Advisors LLC

HighTower Advisors LLC purchased a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,321 shares of the software maker’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Arizona State Retirement System raised its position in shares of ePlus by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock valued at $556,000 after purchasing an additional 144 shares during the period. Inspire Investing LLC increased its stake in ePlus by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after buying an additional 168 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in ePlus by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC lifted its position in shares of ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Finally, Lumbard & Kellner LLC boosted its stake in shares of ePlus by 0.9% in the second quarter. Lumbard & Kellner LLC now owns 31,589 shares of the software maker’s stock worth $2,327,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

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

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $73.87 on Wednesday. The company has a market cap of $1.98 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.76 and a beta of 1.08. ePlus inc. has a 52-week low of $56.33 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. The firm’s fifty day moving average is $86.44 and its two-hundred day moving average is $86.44.

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.