LSV Asset Management Lowers Stock Position in ePlus inc. $PLUS

LSV Asset Management reduced its stake in ePlus inc. (NASDAQ:PLUS) by 78.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the software maker’s stock after selling 24,600 shares during the quarter. LSV Asset Management’s holdings in ePlus were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC raised its stake in ePlus by 2,529.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,867 shares of the software maker’s stock valued at $164,000 after purchasing an additional 1,796 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in ePlus by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock valued at $662,000 after purchasing an additional 233 shares in the last quarter. ProShare Advisors LLC raised its stake in ePlus by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after purchasing an additional 159 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in ePlus by 6.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock valued at $338,000 after purchasing an additional 250 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in ePlus by 4.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 10,395 shares of the software maker’s stock valued at $912,000 after purchasing an additional 470 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the transaction, the chief operating officer directly owned 55,748 shares in the company, valued at $5,014,532.60. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 1,289 shares of company stock worth $115,757 in the last quarter. 1.93% of the stock is owned by company insiders.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $89.19 on Thursday. ePlus inc. has a one year low of $62.11 and a one year high of $93.98. The firm’s 50 day simple moving average is $81.80 and its two-hundred day simple moving average is $84.62. The stock has a market capitalization of $2.35 billion, a P/E ratio of 17.73, a PEG ratio of 0.95 and a beta of 1.04.

Analyst Ratings Changes

A number of brokerages recently weighed in on PLUS. Weiss Ratings downgraded shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About ePlus

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.