Pacer Advisors Inc. Sells 58,067 Shares of ePlus inc. (NASDAQ:PLUS)

Pacer Advisors Inc. decreased its position in ePlus inc. (NASDAQ:PLUS) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,329,832 shares of the software maker’s stock after selling 58,067 shares during the quarter. Pacer Advisors Inc. owned approximately 4.96% of ePlus worth $98,248,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in ePlus by 6,140.0% in the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the period. GAMMA Investing LLC grew its stake in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after buying an additional 252 shares during the last quarter. National Bank of Canada FI bought a new position in ePlus during the 3rd quarter valued at approximately $76,000. KBC Group NV raised its stake in ePlus by 48.9% during the fourth quarter. KBC Group NV now owns 1,380 shares of the software maker’s stock valued at $102,000 after buying an additional 453 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of ePlus by 43.9% in the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

Shares of PLUS opened at $81.32 on Monday. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The company has a market capitalization of $2.18 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The firm has a 50 day moving average of $78.09 and a 200 day moving average of $86.93. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

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

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.