ePlus inc. (NASDAQ:PLUS) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 19.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,387,899 shares of the software maker’s stock after buying an additional 229,837 shares during the quarter. Pacer Advisors Inc. owned 5.17% of ePlus worth $136,486,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC boosted its stake in ePlus by 80.4% during the 3rd quarter. Intech Investment Management LLC now owns 7,681 shares of the software maker’s stock worth $755,000 after purchasing an additional 3,423 shares during the last quarter. Advisors Asset Management Inc. increased its stake in ePlus by 43.9% during 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. Quest Partners LLC increased its stake in shares of ePlus by 29.3% during the third quarter. Quest Partners LLC now owns 14,097 shares of the software maker’s stock worth $1,386,000 after buying an additional 3,195 shares during the period. Entropy Technologies LP purchased a new stake in shares of ePlus during the third quarter worth approximately $335,000. Finally, WCM Investment Management LLC boosted its holdings in ePlus by 3.3% in the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock valued at $47,407,000 after purchasing an additional 15,294 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $5,940,907.98. This trade represents a 7.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

ePlus Stock Performance

NASDAQ PLUS opened at $80.72 on Thursday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.70 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98. The business’s 50-day simple moving average is $94.62 and its 200-day simple moving average is $86.15.

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.