ePlus inc. (NASDAQ:PLUS) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,727 shares of the software maker's stock after selling 10,148 shares during the period. Royce & Associates LP owned approximately 0.50% of ePlus worth $13,151,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in ePlus by 203.2% in the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after acquiring an additional 252 shares during the period. CWM LLC grew 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 buying an additional 549 shares during the period. Innealta Capital LLC purchased a new position in ePlus in the second quarter valued at $66,000. EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% in the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker's stock worth $83,000 after acquiring an additional 977 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of ePlus during the 2nd quarter worth about $156,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Elaine D. Marion sold 5,000 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

ePlus Stock Down 2.3 %

PLUS stock opened at $78.62 on Friday. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $95.08 and a 200-day simple moving average of $86.09. The stock has a market capitalization of $2.11 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.68 and a beta of 1.13.

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.