ePlus inc. (NASDAQ:PLUS) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in ePlus inc. (NASDAQ:PLUS) by 19.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,387,899 shares of the software maker’s stock after buying an additional 229,837 shares during the quarter. Pacer Advisors Inc. owned approximately 0.05% of ePlus worth $136,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLUS. Arizona State Retirement System raised its position in ePlus by 1.9% during the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock valued at $556,000 after buying an additional 144 shares during the period. Inspire Investing LLC lifted its position in shares of ePlus by 3.2% during the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after purchasing an additional 168 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in ePlus by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after acquiring an additional 200 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in ePlus by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock valued at $959,000 after acquiring an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of ePlus by 203.2% during the 3rd 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. Institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $92.19, for a total transaction of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

ePlus Stock Up 1.5 %

Shares of ePlus stock opened at $80.72 on Thursday. The business has a fifty day simple moving average of $94.62 and a 200 day simple moving average of $86.15. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.16 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.13. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98.

About ePlus

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.