ePlus inc. (NASDAQ:PLUS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,432 shares of the software maker’s stock after selling 424 shares during the quarter. SG Americas Securities LLC’s holdings in ePlus were worth $327,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC purchased a new position in ePlus in the third quarter valued at approximately $227,000. Geode Capital Management LLC boosted its holdings in shares of ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock valued at $71,987,000 after buying an additional 105,526 shares in the last quarter. Barclays PLC grew its position in shares of ePlus by 82.3% in the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock valued at $7,899,000 after buying an additional 36,267 shares during the last quarter. Jane Street Group LLC raised its stake in ePlus by 62.7% during the 3rd quarter. Jane Street Group LLC now owns 36,915 shares of the software maker’s stock worth $3,630,000 after acquiring an additional 14,227 shares in the last quarter. Finally, Argent Capital Management LLC lifted its position in ePlus by 38.1% in the fourth quarter. Argent Capital Management LLC now owns 20,166 shares of the software maker’s stock valued at $1,490,000 after acquiring an additional 5,564 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 1.0 %

Shares of NASDAQ:PLUS opened at $80.21 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.85 and a quick ratio of 1.71. The stock has a market cap of $2.15 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.82 and a beta of 1.10. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98. The firm has a fifty day moving average price of $77.88 and a 200 day moving average price of $87.02.

Analyst Ratings Changes

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a 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.