Inspire Investing LLC Cuts Stock Position in ePlus inc. (NASDAQ:PLUS)

Inspire Investing LLC reduced its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 55.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,892 shares of the software maker's stock after selling 7,392 shares during the period. Inspire Investing LLC's holdings in ePlus were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after buying an additional 252 shares during the period. Larson Financial Group LLC lifted 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 worth $31,000 after acquiring an additional 307 shares during the period. Advisors Asset Management Inc. grew its stake 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 purchasing an additional 342 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of ePlus by 0.9% in the third quarter. Janus Henderson Group PLC now owns 58,015 shares of the software maker's stock valued at $5,706,000 after purchasing an additional 545 shares during the period. Finally, Sei Investments Co. raised its stake in shares of ePlus by 3.8% in the second quarter. Sei Investments Co. now owns 17,004 shares of the software maker's stock worth $1,253,000 after purchasing an additional 616 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Stock Performance

NASDAQ PLUS traded up $0.64 on Friday, reaching $81.32. 180,332 shares of the company's stock traded hands, compared to its average volume of 167,786. The stock has a 50 day moving average price of $78.09 and a 200-day moving average price of $86.83. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98.

Analyst Ratings Changes

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

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.