Pacer Advisors Inc. Decreases Stake in ePlus inc. (NASDAQ:PLUS)

Pacer Advisors Inc. reduced its stake in ePlus inc. (NASDAQ:PLUS) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,158,062 shares of the software maker’s stock after selling 6,468 shares during the period. Pacer Advisors Inc. owned about 4.30% of ePlus worth $85,326,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. purchased a new position in ePlus in the 4th quarter worth approximately $40,000. CWM LLC grew its position in shares of ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of ePlus in the 1st quarter worth approximately $58,000. Innealta Capital LLC bought a new stake in shares of ePlus in the 2nd quarter worth approximately $66,000. Finally, EntryPoint Capital LLC grew its position in shares of ePlus by 1,236.7% in the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after buying an additional 977 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Price Performance

Shares of PLUS stock opened at $98.92 on Friday. The firm has a market cap of $2.67 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.86 and a beta of 1.11. ePlus inc. has a fifty-two week low of $53.53 and a fifty-two week high of $102.32. The business’s 50 day moving average price is $89.50 and its 200-day moving average price is $81.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The firm had revenue of $544.54 million for the quarter, compared to the consensus estimate of $555.23 million. On average, equities research analysts anticipate that ePlus inc. will post 4.67 earnings per share for the current year.

Insider Activity at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered ePlus from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

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.