Fmr LLC Raises Stock Holdings in ePlus inc. (NASDAQ:PLUS)

FMR LLC raised its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 70.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,117,812 shares of the software maker's stock after purchasing an additional 463,621 shares during the period. FMR LLC owned 4.16% of ePlus worth $109,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Larson Financial Group LLC raised its holdings in ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after acquiring an additional 307 shares during the last quarter. 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 last quarter. CWM LLC lifted its holdings 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 acquiring an additional 549 shares during the last quarter. Innealta Capital LLC purchased a new position in ePlus in the second quarter worth approximately $66,000. Finally, Advisors Asset Management Inc. increased its stake in ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock worth $110,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Trading Down 2.5 %

ePlus stock traded down $2.00 during trading on Thursday, hitting $79.18. The company had a trading volume of 120,947 shares, compared to its average volume of 187,129. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The company's 50 day simple moving average is $91.42 and its 200-day simple moving average is $86.23. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08.

Insider Activity at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the business's 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 transaction, the chief financial officer now directly owns 64,442 shares of the company's stock, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.02% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.