ePlus inc. (NASDAQ:PLUS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of ePlus inc. (NASDAQ:PLUS – Get Rating) by 41.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,600 shares of the software maker’s stock after selling 19,200 shares during the period. Thrivent Financial for Lutherans owned 0.10% of ePlus worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Bessemer Group Inc. grew its stake in ePlus by 62.8% in the 3rd quarter. Bessemer Group Inc. now owns 731 shares of the software maker’s stock worth $31,000 after acquiring an additional 282 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of ePlus by 862.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 953 shares of the software maker’s stock valued at $51,000 after buying an additional 854 shares during the period. Captrust Financial Advisors grew its stake in shares of ePlus by 87.6% during the 1st quarter. Captrust Financial Advisors now owns 1,458 shares of the software maker’s stock valued at $82,000 after buying an additional 681 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of ePlus by 55.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,225 shares of the software maker’s stock valued at $130,000 after buying an additional 794 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of ePlus by 130.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,812 shares of the software maker’s stock valued at $202,000 after buying an additional 2,160 shares during the period. 93.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of ePlus in a report on Thursday, May 18th. They set a “hold” rating on the stock.

ePlus Stock Performance

Shares of PLUS stock opened at $46.28 on Tuesday. The firm has a market capitalization of $1.25 billion, a P/E ratio of 11.13 and a beta of 1.26. The company’s fifty day moving average price is $46.97 and its two-hundred day moving average price is $48.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.32. ePlus inc. has a 12 month low of $40.37 and a 12 month high of $62.82.

ePlus Profile

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ePlus, Inc provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. 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 advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.