Atria Investments Inc Purchases Shares of 2,055 ePlus inc. (NASDAQ:PLUS)

Atria Investments Inc purchased a new stake in ePlus inc. (NASDAQ:PLUS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,055 shares of the software maker’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLUS. American Century Companies Inc. boosted its holdings in shares of ePlus by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after buying an additional 209,511 shares during the period. Millennium Management LLC boosted its holdings in shares of ePlus by 4,036.0% during the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after buying an additional 245,351 shares during the period. Swedbank AB bought a new stake in shares of ePlus during the 1st quarter worth about $15,315,000. GHP Investment Advisors Inc. boosted its holdings in shares of ePlus by 0.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 102,809 shares of the software maker’s stock worth $10,110,000 after buying an additional 738 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in shares of ePlus by 2.8% during the 2nd quarter. Legato Capital Management LLC now owns 86,811 shares of the software maker’s stock worth $6,396,000 after buying an additional 2,371 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

ePlus Stock Performance

NASDAQ PLUS opened at $82.47 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.21 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.83 and a beta of 1.13. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. The firm has a 50-day moving average price of $94.28 and a two-hundred day moving average price of $86.18.

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the transaction, the chief financial officer now directly owns 64,442 shares in the company, valued at approximately $5,940,907.98. The trade was a 7.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.02% of the company’s stock.

About ePlus

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.