Value Holdings Management CO. LLC reduced its position in ePlus inc. (NASDAQ:PLUS) by 69.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the software maker’s stock after selling 18,500 shares during the period. ePlus inc. makes up approximately 0.3% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 28th largest position. Value Holdings Management CO. LLC owned about 0.06% of ePlus inc. worth $593,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in PLUS. BlackRock Inc. boosted its position in ePlus inc. by 84,983.9% in the first quarter. BlackRock Inc. now owns 792,982 shares of the software maker’s stock worth $107,092,000 after buying an additional 792,050 shares in the last quarter. FMR LLC boosted its position in ePlus inc. by 70.2% in the first quarter. FMR LLC now owns 353,636 shares of the software maker’s stock worth $47,759,000 after buying an additional 145,918 shares in the last quarter. JPMorgan Chase & Co. boosted its position in ePlus inc. by 363.3% in the first quarter. JPMorgan Chase & Co. now owns 87,744 shares of the software maker’s stock worth $11,849,000 after buying an additional 68,807 shares in the last quarter. Geode Capital Management LLC boosted its position in ePlus inc. by 121.3% in the first quarter. Geode Capital Management LLC now owns 116,522 shares of the software maker’s stock worth $7,868,000 after buying an additional 63,862 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in ePlus inc. by 12.0% in the first quarter. Fiduciary Management Inc. WI now owns 524,760 shares of the software maker’s stock worth $70,869,000 after buying an additional 56,385 shares in the last quarter. Hedge funds and other institutional investors own 48.11% of the company’s stock.
ePlus inc. (NASDAQ:PLUS) traded up 0.06% during trading on Monday, reaching $79.05. The company’s stock had a trading volume of 8,202 shares. ePlus inc. has a 52-week low of $39.88 and a 52-week high of $81.30. The stock’s 50-day moving average is $76.09 and its 200 day moving average is $95.37. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.96 and a beta of 1.40.
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PLUS has been the subject of a number of analyst reports. Zacks Investment Research upgraded ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a report on Saturday, April 22nd. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.31.
In other news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $70.92, for a total transaction of $354,600.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Phillip G. Norton sold 20,880 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $79.04, for a total value of $1,650,355.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,103 shares of company stock worth $5,491,451. 8.20% of the stock is currently owned by insiders.
ePlus inc. Company Profile
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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