ePlus inc. (NASDAQ:PLUS) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its holdings in ePlus inc. (NASDAQ:PLUS) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,391 shares of the software maker’s stock after selling 2,200 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of ePlus worth $5,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PLUS. Janus Henderson Group PLC boosted its holdings in shares of ePlus by 68.0% in the 1st quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock valued at $5,073,000 after purchasing an additional 26,143 shares during the last quarter. Boston Partners acquired a new position in ePlus in the first quarter valued at $649,000. Quest Partners LLC grew its position in ePlus by 175.7% during the second quarter. Quest Partners LLC now owns 10,902 shares of the software maker’s stock valued at $803,000 after acquiring an additional 6,948 shares during the period. WCM Investment Management LLC grew its position in ePlus by 3.3% during the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock valued at $47,407,000 after acquiring an additional 15,294 shares during the period. Finally, Argent Capital Management LLC raised its holdings in shares of ePlus by 60.9% in the 2nd quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker’s stock worth $934,000 after purchasing an additional 4,802 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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 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 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 document filed with the SEC, which is available at this hyperlink. 2.02% of the stock is currently owned by insiders.

ePlus Stock Performance

NASDAQ:PLUS opened at $80.86 on Monday. The firm’s fifty day simple moving average is $92.75 and its 200 day simple moving average is $86.29. 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 twelve month low of $56.33 and a twelve month high of $106.98. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.84 and a beta of 1.13.

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.