Envestnet Asset Management Inc. raised its stake in ePlus inc. (NASDAQ:PLUS – Get Rating) by 14.8% in the second quarter, Holdings Channel reports. The firm owned 27,992 shares of the software maker’s stock after acquiring an additional 3,619 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ePlus were worth $1,487,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of PLUS. Captrust Financial Advisors grew its stake in ePlus by 87.6% in the first quarter. Captrust Financial Advisors now owns 1,458 shares of the software maker’s stock valued at $82,000 after purchasing an additional 681 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in ePlus by 30.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,080 shares of the software maker’s stock valued at $110,000 after purchasing an additional 490 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in ePlus by 55.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,225 shares of the software maker’s stock valued at $130,000 after purchasing an additional 794 shares in the last quarter. New Century Advisors LLC grew its stake in ePlus by 342.1% in the second quarter. New Century Advisors LLC now owns 3,254 shares of the software maker’s stock valued at $173,000 after purchasing an additional 2,518 shares in the last quarter. Finally, MAI Capital Management bought a new position in ePlus in the first quarter valued at approximately $205,000. 94.60% of the stock is currently owned by institutional investors.
In other news, Director John E. Callies sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $48.08, for a total value of $76,928.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $1,036,027.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.27% of the company’s stock.
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ePlus Stock Performance
PLUS opened at $52.45 on Monday. ePlus inc. has a 12-month low of $40.37 and a 12-month high of $62.82. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 13.80 and a beta of 1.23. The business has a 50 day moving average of $45.55 and a 200-day moving average of $50.38. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.02.
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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, server and desktop support, and project management services.
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