Hotchkis & Wiley Capital Management LLC Cuts Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 37.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,404 shares of the software maker's stock after selling 60,850 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.38% of ePlus worth $9,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLUS. Larson Financial Group LLC increased its position in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker's stock valued at $31,000 after purchasing an additional 307 shares during the period. GAMMA Investing LLC increased its position in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock valued at $37,000 after buying an additional 252 shares during the period. CWM LLC raised its stake in ePlus by 1,247.7% in the second quarter. CWM LLC now owns 593 shares of the software maker's stock worth $44,000 after buying an additional 549 shares in the last quarter. Innealta Capital LLC purchased a new stake in ePlus in the second quarter worth about $66,000. Finally, Advisors Asset Management Inc. boosted its position in ePlus by 43.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker's stock valued at $110,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of the firm's stock in a transaction 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 in the company, valued at $5,940,907.98. This trade represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.02% 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 Down 2.5 %

Shares of ePlus stock traded down $2.00 during trading on Thursday, hitting $79.18. The company's stock had a trading volume of 120,947 shares, compared to its average volume of 187,129. ePlus inc. has a 52 week low of $56.33 and a 52 week 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 company has a fifty day simple moving average of $91.42 and a two-hundred day simple moving average of $86.23. The company has a market capitalization of $2.12 billion, a PE ratio of 19.65, a P/E/G ratio of 1.85 and a beta of 1.08.

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.