Victory Capital Management Inc. Lowers Stake in ePlus inc. (NASDAQ:PLUS)

Victory Capital Management Inc. decreased its holdings in ePlus inc. (NASDAQ:PLUS - Free Report) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,436 shares of the software maker's stock after selling 19,772 shares during the quarter. Victory Capital Management Inc. owned 0.64% of ePlus worth $16,957,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PLUS. GAMMA Investing LLC lifted its holdings 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 in the last quarter. CWM LLC raised its position in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker's stock valued at $44,000 after buying an additional 549 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of ePlus during the second quarter valued at approximately $66,000. EntryPoint Capital LLC raised its position in shares of ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker's stock valued at $83,000 after buying an additional 977 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of ePlus during the second quarter valued at approximately $156,000. Hedge funds and other institutional investors own 93.80% of the company's stock.

ePlus Price Performance

PLUS traded up $1.19 during trading hours on Wednesday, hitting $80.72. The company's stock had a trading volume of 122,850 shares, compared to its average volume of 188,702. The business's 50-day moving average price is $94.74 and its 200-day moving average price is $86.19. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.68 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Monday, September 16th. The shares were 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 $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is currently owned by company insiders.

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.