ePlus inc. (NASDAQ:PLUS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 60.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,480 shares of the software maker's stock after selling 20,591 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.05% of ePlus worth $1,326,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in ePlus by 1,247.7% in the second quarter. CWM LLC now owns 593 shares of the software maker's stock valued at $44,000 after purchasing an additional 549 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in ePlus by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker's stock valued at $959,000 after acquiring an additional 203 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in ePlus by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker's stock valued at $987,000 after acquiring an additional 200 shares in the last quarter. Argent Capital Management LLC boosted its stake in ePlus by 60.9% in the second quarter. Argent Capital Management LLC now owns 12,683 shares of the software maker's stock valued at $934,000 after acquiring an additional 4,802 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in shares of ePlus by 2.8% during the second quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker's stock worth $6,396,000 after purchasing an additional 2,371 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company's stock.

Analyst Ratings Changes

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

ePlus Stock Performance

NASDAQ PLUS traded down $0.54 during trading on Tuesday, reaching $79.10. The company's stock had a trading volume of 124,363 shares, compared to its average volume of 186,418. The business's fifty day moving average price is $90.70 and its 200-day moving average price is $86.34. ePlus inc. has a twelve month low of $56.33 and a twelve month 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 firm has a market cap of $2.12 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.85 and a beta of 1.08.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares of the company's stock, valued at approximately $5,940,907.98. This represents a 7.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.02% of the company's stock.

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.