Advisors Asset Management Inc. Raises Holdings in ePlus inc. (NASDAQ:PLUS)

Advisors Asset Management Inc. lifted its stake in ePlus inc. (NASDAQ:PLUS) by 43.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,121 shares of the software maker’s stock after purchasing an additional 342 shares during the quarter. Advisors Asset Management Inc.’s holdings in ePlus were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLUS. Quest Partners LLC increased its stake in ePlus by 29.3% during the 3rd quarter. Quest Partners LLC now owns 14,097 shares of the software maker’s stock valued at $1,386,000 after purchasing an additional 3,195 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of ePlus during the third quarter valued at $335,000. WCM Investment Management LLC grew its holdings in shares of ePlus by 3.3% during the third quarter. WCM Investment Management LLC now owns 479,731 shares of the software maker’s stock valued at $47,407,000 after buying an additional 15,294 shares during the last quarter. Atria Investments Inc purchased a new position in ePlus in the 3rd quarter worth $202,000. Finally, Assetmark Inc. lifted its position in ePlus by 3.8% during the 3rd quarter. Assetmark Inc. now owns 18,943 shares of the software maker’s stock worth $1,863,000 after acquiring an additional 699 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $80.86 on Friday. The company has a 50 day simple moving average of $92.75 and a two-hundred day simple moving average of $86.20. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.84 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. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98.

Insider Buying and Selling

In other news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.