Algert Global LLC Decreases Stake in ePlus inc. (NASDAQ:PLUS)

Algert Global LLC trimmed its position in shares of ePlus inc. (NASDAQ:PLUS) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,329 shares of the software maker’s stock after selling 13,080 shares during the period. Algert Global LLC owned about 0.21% of ePlus worth $5,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its holdings in 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 purchasing an additional 245,351 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of ePlus by 19.8% during the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after purchasing an additional 229,837 shares during the last quarter. American Century Companies Inc. lifted its holdings 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 valued at $35,887,000 after buying an additional 209,511 shares during the period. Swedbank AB bought a new position in ePlus in the first quarter valued at about $15,315,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of ePlus in the 2nd quarter worth approximately $4,740,000. Institutional investors own 93.80% of the company’s stock.

Insider Transactions at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction 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 transaction, the chief financial officer now directly 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

Wall Street Analyst Weigh In

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

ePlus Trading Up 2.7 %

Shares of NASDAQ PLUS opened at $82.47 on Monday. The business’s 50 day moving average price is $94.28 and its 200-day moving average price is $86.22. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.88 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.