BNP Paribas Financial Markets Trims Stock Holdings in ePlus inc. (NASDAQ:PLUS)

BNP Paribas Financial Markets reduced its position in ePlus inc. (NASDAQ:PLUS) by 60.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,480 shares of the software maker’s stock after selling 20,591 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of ePlus worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in ePlus by 6,140.0% during the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after purchasing an additional 307 shares during the period. GAMMA Investing LLC boosted its stake in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after buying an additional 252 shares during the period. CWM LLC boosted its stake in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the period. Innealta Capital LLC purchased a new position in shares of ePlus during the second quarter worth about $66,000. Finally, Advisors Asset Management Inc. increased its position in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after acquiring an additional 342 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Stock Down 2.0 %

PLUS stock opened at $79.64 on Tuesday. The stock has a market capitalization of $2.13 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. The company has a fifty day moving average of $90.70 and a 200-day moving average of $86.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. ePlus inc. has a one year low of $56.33 and a one year high of $106.98.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.