BNP Paribas Arbitrage SA boosted its stake in ePlus inc. (NASDAQ:PLUS) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,813 shares of the software maker’s stock after buying an additional 134 shares during the period. BNP Paribas Arbitrage SA’s holdings in ePlus inc. were worth $245,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of PLUS. FMR LLC boosted its stake in shares of ePlus inc. by 189.5% in the fourth quarter. FMR LLC now owns 207,718 shares of the software maker’s stock valued at $23,929,000 after buying an additional 135,964 shares during the period. Value Holdings Management CO. LLC boosted its stake in shares of ePlus inc. by 562.5% in the first quarter. Value Holdings Management CO. LLC now owns 26,500 shares of the software maker’s stock valued at $699,000 after buying an additional 22,500 shares during the period. State Street Corp boosted its stake in shares of ePlus inc. by 12.5% in the fourth quarter. State Street Corp now owns 140,301 shares of the software maker’s stock valued at $16,167,000 after buying an additional 15,536 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of ePlus inc. during the fourth quarter valued at about $1,809,000. Finally, Nationwide Fund Advisors boosted its stake in shares of ePlus inc. by 16.7% in the first quarter. Nationwide Fund Advisors now owns 88,702 shares of the software maker’s stock valued at $11,979,000 after buying an additional 12,699 shares during the period. 47.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of ePlus inc. (PLUS) opened at 74.50 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 20.69 and a beta of 1.37. The company’s 50-day moving average price is $75.06 and its 200 day moving average price is $102.02. ePlus inc. has a 12-month low of $39.09 and a 12-month high of $81.30.
Several analysts have recently issued reports on PLUS shares. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.31.
In related news, Director Eric D. Hovde sold 3,389 shares of ePlus inc. stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $80.30, for a total transaction of $272,136.70. Following the transaction, the director now owns 68,703 shares in the company, valued at $5,516,850.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Elaine D. Marion sold 5,000 shares of ePlus inc. stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $70.92, for a total value of $354,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,103 shares of company stock worth $5,491,451. 8.20% of the stock is currently owned by company 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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