WCM Investment Management LLC Buys 15,294 Shares of ePlus inc. (NASDAQ:PLUS)

WCM Investment Management LLC boosted its stake in ePlus inc. (NASDAQ:PLUS - Free Report) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 479,731 shares of the software maker's stock after acquiring an additional 15,294 shares during the period. WCM Investment Management LLC owned 1.79% of ePlus worth $47,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in shares of ePlus by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 7,546 shares of the software maker's stock valued at $556,000 after buying an additional 144 shares during the period. Inspire Investing LLC grew its holdings in ePlus by 3.2% during the second quarter. Inspire Investing LLC now owns 5,353 shares of the software maker's stock valued at $394,000 after purchasing an additional 168 shares during the period. Louisiana State Employees Retirement System raised its stake in ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker's stock valued at $987,000 after acquiring an additional 200 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of ePlus by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker's stock valued at $959,000 after buying an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker's stock worth $37,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 93.80% of the company's stock.

Insiders Place Their Bets

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction that occurred 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 transaction, the chief financial officer now owns 64,442 shares of the company's stock, valued at $5,940,907.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by insiders.

ePlus Stock Down 1.1 %

Shares of NASDAQ:PLUS traded down $1.10 during midday trading on Monday, reaching $97.40. The company's stock had a trading volume of 150,779 shares, compared to its average volume of 187,704. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. The company has a quick ratio of 1.87, a current ratio of 2.01 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $95.53 and a 200-day moving average of $85.85. The firm has a market capitalization of $2.62 billion, a P/E ratio of 24.12, a PEG ratio of 2.11 and a beta of 1.13.

Analyst Upgrades and Downgrades

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

ePlus Company 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.