Wellington Management Group LLP Raises Holdings in ePlus inc. (NASDAQ:PLUS)

Wellington Management Group LLP increased its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 20.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 968,998 shares of the software maker's stock after purchasing an additional 164,016 shares during the quarter. Wellington Management Group LLP owned approximately 3.61% of ePlus worth $95,291,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after buying an additional 307 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after acquiring an additional 252 shares in the last quarter. CWM LLC lifted its position in ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker's stock valued at $44,000 after acquiring an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new stake in ePlus in the second quarter valued at approximately $66,000. Finally, Advisors Asset Management Inc. grew its holdings in 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 purchasing an additional 342 shares during the last quarter. Institutional investors own 93.80% of the company's stock.

Insiders Place Their Bets

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 transaction of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares of the company's stock, valued at $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.02% of the company's stock.

ePlus Stock Performance

Shares of ePlus stock traded down $0.54 during midday trading on Tuesday, hitting $79.10. The company had a trading volume of 124,363 shares, compared to its average volume of 186,418. The company has a fifty day simple moving average of $90.70 and a 200 day simple moving average of $86.34. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.85 and a beta of 1.08. 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.

Wall Street Analysts Forecast Growth

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

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.