ePlus inc. (NASDAQ:PLUS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of ePlus inc. (NASDAQ:PLUS) by 27.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,150 shares of the software maker’s stock after selling 9,472 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of ePlus worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of ePlus by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock worth $556,000 after purchasing an additional 144 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of ePlus by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock worth $987,000 after purchasing an additional 200 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings 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 worth $959,000 after purchasing an additional 203 shares during the last quarter. Cascade Investment Advisors Inc. boosted its holdings in shares of ePlus by 2.0% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 15,699 shares of the software maker’s stock worth $1,157,000 after purchasing an additional 310 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of ePlus by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 5,361 shares of the software maker’s stock worth $421,000 after purchasing an additional 361 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the sale, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.41% of the stock is owned by corporate insiders.

ePlus Stock Down 0.6 %

PLUS stock opened at $98.33 on Tuesday. The firm has a market cap of $2.65 billion, a PE ratio of 22.71, a PEG ratio of 1.86 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 2.01. The firm’s 50 day moving average price is $89.89 and its 200-day moving average price is $81.25. ePlus inc. has a one year low of $53.53 and a one year high of $102.32.

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

Analysts Set New Price Targets

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

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.