UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.95 Million Stock Position in ePlus inc. (NASDAQ:PLUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ePlus inc. (NASDAQ:PLUS) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,467 shares of the software maker’s stock after buying an additional 1,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of ePlus worth $5,946,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PLUS. Larson Financial Group LLC grew its stake in shares of ePlus by 6,140.0% in the third 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 last quarter. GAMMA Investing LLC raised its holdings in shares of ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. CWM LLC raised its holdings 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 acquiring an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of ePlus in the 2nd quarter worth about $66,000. Finally, Advisors Asset Management Inc. increased its stake 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 buying an additional 342 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Down 0.7 %

PLUS opened at $79.10 on Wednesday. The company has a 50 day moving average of $90.70 and a 200 day moving average of $86.34. 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. The company has a market cap of $2.12 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ePlus

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

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.