ePlus inc. (NASDAQ:PLUS) Stock Holdings Increased by Quest Partners LLC

Quest Partners LLC raised its stake in shares of ePlus inc. (NASDAQ:PLUS) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,097 shares of the software maker’s stock after buying an additional 3,195 shares during the period. Quest Partners LLC owned approximately 0.05% of ePlus worth $1,386,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after acquiring an additional 209,511 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of ePlus by 3.3% during the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock worth $47,407,000 after purchasing an additional 15,294 shares during the period. Millennium Management LLC increased 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 worth $18,525,000 after acquiring an additional 245,351 shares during the last quarter. Swedbank AB acquired a new stake in shares of ePlus during the 1st quarter valued at about $15,315,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of ePlus by 0.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock valued at $10,110,000 after buying an additional 738 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Up 0.0 %

Shares of PLUS opened at $79.53 on Wednesday. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The firm has a market capitalization of $2.13 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.68 and a beta of 1.13. The company has a 50-day simple moving average of $94.90 and a 200-day simple moving average of $86.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.