ePlus inc. (NASDAQ:PLUS) Stock Position Lowered by Royce & Associates LP

Royce & Associates LP lessened its position in ePlus inc. (NASDAQ:PLUS) by 7.1% during the third quarter, Holdings Channel reports. The institutional investor owned 133,727 shares of the software maker’s stock after selling 10,148 shares during the quarter. Royce & Associates LP’s holdings in ePlus were worth $13,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of ePlus by 4,036.0% in the 2nd 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. American Century Companies Inc. grew its holdings in shares of ePlus by 75.5% in 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 during the last quarter. Swedbank AB acquired a new position in shares of ePlus in the 1st quarter worth $15,315,000. Cubist Systematic Strategies LLC acquired a new position in shares of ePlus in the 2nd quarter worth $4,740,000. Finally, CX Institutional acquired a new position in shares of ePlus in the 3rd quarter worth $3,258,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of PLUS stock opened at $78.62 on Friday. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98. The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. The stock’s fifty day simple moving average is $95.08 and its 200-day simple moving average is $86.03.

Insider Activity

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a report on Friday.

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.