Stifel Financial Corp Sells 899 Shares of ePlus inc. (NASDAQ:PLUS)

Stifel Financial Corp reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 10.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,643 shares of the software maker’s stock after selling 899 shares during the quarter. Stifel Financial Corp’s holdings in ePlus were worth $752,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock worth $136,486,000 after acquiring an additional 229,837 shares during the last quarter. FMR LLC raised its stake in shares of ePlus by 70.9% in the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock worth $109,926,000 after purchasing an additional 463,621 shares during the last quarter. American Century Companies Inc. raised its stake in shares of ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock worth $35,887,000 after purchasing an additional 209,511 shares during the last quarter. WCM Investment Management LLC lifted 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 purchasing an additional 15,294 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ePlus by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 394,903 shares of the software maker’s stock valued at $38,835,000 after buying an additional 3,877 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ePlus Trading Up 0.2 %

Shares of NASDAQ:PLUS opened at $73.87 on Wednesday. The stock has a 50 day moving average of $86.44 and a 200 day moving average of $86.44. The company has a market cap of $1.98 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. ePlus inc. has a 12-month low of $56.33 and a 12-month high of $106.98. 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 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.