Algert Global LLC lowered its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 75.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,742 shares of the software maker's stock after selling 42,587 shares during the quarter. Algert Global LLC owned 0.05% of ePlus worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in ePlus by 91.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 342 shares of the software maker's stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Jones Financial Companies Lllp lifted its position in ePlus by 256.8% during the fourth quarter. Jones Financial Companies Lllp now owns 421 shares of the software maker's stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. Quarry LP lifted its position in ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after purchasing an additional 430 shares during the last quarter. Johnson Financial Group Inc. bought a new position in ePlus during the fourth quarter valued at $60,000. Finally, Meeder Asset Management Inc. bought a new position in ePlus during the fourth quarter valued at $61,000. Institutional investors own 93.80% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of ePlus from a "hold" rating to a "buy" rating in a report on Friday, April 18th.
Read Our Latest Stock Report on PLUS
ePlus Stock Up 1.2%
Shares of NASDAQ:PLUS traded up $0.78 during trading on Friday, reaching $66.90. The stock had a trading volume of 33,908 shares, compared to its average volume of 214,484. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.78 billion, a P/E ratio of 17.07, a PEG ratio of 1.83 and a beta of 1.12. The firm's 50-day simple moving average is $61.90 and its 200 day simple moving average is $72.15. ePlus inc. has a one year low of $53.83 and a one year high of $106.98.
About ePlus
(
Free Report)
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.
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