Jane Street Group LLC boosted its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 62.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,915 shares of the software maker's stock after purchasing an additional 14,227 shares during the period. Jane Street Group LLC owned about 0.14% of ePlus worth $3,630,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PLUS. Larson Financial Group LLC boosted its holdings 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 worth $31,000 after purchasing an additional 307 shares during the period. GAMMA Investing LLC lifted its position in 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 purchasing an additional 252 shares during the period. Innealta Capital LLC purchased a new stake in ePlus in the second quarter worth approximately $66,000. Advisors Asset Management Inc. raised 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 buying an additional 342 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of ePlus in the second quarter worth approximately $156,000. Hedge funds and other institutional investors own 93.80% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
Read Our Latest Report on ePlus
ePlus Stock Performance
PLUS traded up $0.10 on Friday, reaching $74.00. 571,692 shares of the stock were exchanged, compared to its average volume of 189,378. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98. The firm has a market capitalization of $1.98 billion, a PE ratio of 18.36, a PEG ratio of 1.82 and a beta of 1.08. The company's 50-day moving average price is $87.00 and its 200 day moving average price is $86.28.
ePlus Profile
(
Free Report)
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.
Featured Stories
Before you consider ePlus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ePlus wasn't on the list.
While ePlus currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
