JPMorgan Chase & Co. Sells 30,312 Shares of ePlus inc. (NASDAQ:PLUS)

JPMorgan Chase & Co. decreased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 54,841 shares of the software maker's stock after selling 30,312 shares during the quarter. JPMorgan Chase & Co. owned 0.20% of ePlus worth $5,393,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLUS. FMR LLC raised its position in ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ePlus by 4,036.0% in the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker's stock valued at $18,525,000 after buying an additional 245,351 shares during the last quarter. Pacer Advisors Inc. lifted its position in ePlus by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after buying an additional 229,837 shares in the last quarter. Wellington Management Group LLP grew its holdings in ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker's stock worth $95,291,000 after acquiring an additional 164,016 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker's stock valued at $71,987,000 after acquiring an additional 105,526 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

ePlus Trading Down 0.1 %

Shares of NASDAQ PLUS traded down $0.07 during midday trading on Friday, hitting $80.06. The stock had a trading volume of 142,209 shares, compared to its average volume of 195,610. 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 cap of $2.15 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. The company's 50-day simple moving average is $78.63 and its 200 day simple moving average is $86.56.

Wall Street Analyst Weigh In

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

ePlus 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.