California Public Employees Retirement System raised its stake in ePlus Inc. (NASDAQ:PLUS) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,200 shares of the company’s stock after buying an additional 300 shares during the period. California Public Employees Retirement System owned approximately 0.48% of ePlus worth $2,797,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in PLUS. Societe Generale acquired a new stake in shares of ePlus during the second quarter valued at $102,000. SG Americas Securities LLC purchased a new position in ePlus during the second quarter valued at approximately $102,000. BNP Paribas Arbitrage SA raised its position in ePlus by 105.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,761 shares of the company’s stock valued at $144,000 after buying an additional 905 shares during the period. Osmium Partners LLC purchased a new position in ePlus during the first quarter valued at approximately $217,000. Finally, Arizona State Retirement System raised its position in ePlus by 3.4% in the first quarter. Arizona State Retirement System now owns 3,000 shares of the company’s stock valued at $242,000 after buying an additional 100 shares during the period. 84.72% of the stock is owned by hedge funds and other institutional investors.
Shares of ePlus Inc. (NASDAQ:PLUS) traded down 1.21% on Thursday, reaching $92.78. 21,870 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $89.74 and a 200 day moving average of $84.40. The firm has a market capitalization of $658.09 million, a P/E ratio of 14.54 and a beta of 0.98. ePlus Inc. has a one year low of $61.78 and a one year high of $109.33.
Several research firms recently commented on PLUS. Canaccord Genuity reiterated a “buy” rating and set a $110.00 price objective on shares of ePlus in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 27th.
In other ePlus news, Director Bruce M. Bowen sold 5,000 shares of ePlus stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $87.61, for a total transaction of $438,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Phillip G. Norton sold 51,832 shares of ePlus stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $90.43, for a total transaction of $4,687,167.76. Following the sale, the insider now owns 38,702 shares of the company’s stock, valued at $3,499,821.86. The disclosure for this sale can be found here. Company insiders own 8.20% of the company’s stock.
ePlus inc. is an integrator of technology solutions for information technology (IT) lifecycle management. The Company is engaged in selling, leasing, financing, and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products, third-party software, third-party maintenance, advanced professional and managed services and its software to commercial, state and local governments and government contractors.
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