JPMorgan Chase & Co. Sells 30,312 Shares of ePlus inc. (NASDAQ:PLUS)

JPMorgan Chase & Co. reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 35.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,841 shares of the software maker’s stock after selling 30,312 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of ePlus worth $5,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of ePlus by 6,140.0% during the third quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock valued at $31,000 after acquiring an additional 307 shares in the last quarter. GAMMA Investing LLC grew its position in ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after purchasing an additional 252 shares during the period. National Bank of Canada FI bought a new stake in ePlus during the 3rd quarter valued at $76,000. Advisors Asset Management Inc. raised its holdings in ePlus by 43.9% during the third quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock worth $110,000 after buying an additional 342 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of ePlus by 170.2% in the third quarter. CWM LLC now owns 1,602 shares of the software maker’s stock valued at $158,000 after buying an additional 1,009 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of ePlus stock opened at $80.13 on Friday. The company has a market cap of $2.15 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The business has a 50 day moving average price of $79.00 and a 200-day moving average price of $86.52.

Wall Street Analysts Forecast Growth

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

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.