UBS Group AG Has $4.04 Million Holdings in ePlus inc. $PLUS

UBS Group AG lessened its stake in shares of ePlus inc. (NASDAQ:PLUS) by 23.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,015 shares of the software maker’s stock after selling 13,949 shares during the period. UBS Group AG owned about 0.17% of ePlus worth $4,036,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Medina Value Partners LLC purchased a new stake in ePlus in the 3rd quarter worth about $2,730,000. Elo Mutual Pension Insurance Co purchased a new stake in ePlus in the 3rd quarter worth about $1,161,000. Public Sector Pension Investment Board lifted its stake in ePlus by 14.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock worth $7,306,000 after acquiring an additional 13,225 shares in the last quarter. Tributary Capital Management LLC lifted its stake in ePlus by 9.0% in the 4th quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after acquiring an additional 13,369 shares in the last quarter. Finally, Andra AP fonden lifted its stake in ePlus by 285.4% in the 3rd quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock worth $1,259,000 after acquiring an additional 13,130 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Performance

Shares of PLUS opened at $85.37 on Friday. The stock has a fifty day moving average price of $81.14 and a two-hundred day moving average price of $84.25. ePlus inc. has a 52-week low of $62.11 and a 52-week high of $93.98. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 0.93 and a beta of 1.04.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of ePlus stock in a transaction on Monday, May 11th. The stock was sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the transaction, the chief operating officer owned 55,748 shares in the company, valued at approximately $5,014,532.60. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,289 shares of company stock valued at $115,757. Insiders own 1.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PLUS shares. Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings lowered ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

ePlus Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.