Algert Global LLC Reduces Holdings in ePlus inc. (NASDAQ:PLUS)

Algert Global LLC lessened its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 18.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 56,329 shares of the software maker's stock after selling 13,080 shares during the period. Algert Global LLC owned 0.21% of ePlus worth $5,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Millennium Management LLC grew its position in shares of ePlus by 4,036.0% during 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. grew its holdings in ePlus by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock valued at $136,486,000 after buying an additional 229,837 shares in the last quarter. American Century Companies Inc. raised its position in shares of ePlus by 75.5% during the second 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 last quarter. Swedbank AB bought a new stake in shares of ePlus during the first quarter valued at approximately $15,315,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of ePlus in the second quarter worth $4,740,000. 93.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

Insider Activity

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.02% of the company's stock.

ePlus Price Performance

ePlus stock traded up $0.74 during midday trading on Monday, reaching $83.21. 193,524 shares of the stock traded hands, compared to its average volume of 188,353. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98. The stock's fifty day moving average is $94.28 and its 200-day moving average is $86.22. The stock has a market cap of $2.23 billion, a P/E ratio of 20.80, a PEG ratio of 1.88 and a beta of 1.13.

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.