American International Group Inc. lowered its holdings in ePlus inc. (NASDAQ:PLUS – Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,296 shares of the software maker’s stock after selling 205 shares during the quarter. American International Group Inc. owned approximately 0.05% of ePlus worth $805,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of PLUS. Allspring Global Investments Holdings LLC raised its stake in ePlus by 2.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 120,086 shares of the software maker’s stock worth $6,761,000 after buying an additional 2,737 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in shares of ePlus by 15.5% during the 1st quarter. Zions Bancorporation N.A. now owns 25,661 shares of the software maker’s stock worth $1,258,000 after purchasing an additional 3,439 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in ePlus by 2.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,669 shares of the software maker’s stock valued at $572,000 after purchasing an additional 329 shares in the last quarter. Bank of New York Mellon Corp grew its stake in ePlus by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 266,297 shares of the software maker’s stock valued at $14,993,000 after purchasing an additional 5,415 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in ePlus in the first quarter worth about $375,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
ePlus Stock Down 0.6 %
Shares of PLUS stock opened at $62.73 on Thursday. The stock’s fifty day moving average price is $63.59 and its 200 day moving average price is $58.42. ePlus inc. has a 1-year low of $41.71 and a 1-year high of $75.90. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 12.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.81 and a quick ratio of 1.50.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on PLUS. Stifel Nicolaus raised their price target on shares of ePlus from $55.00 to $65.00 in a report on Tuesday, August 8th. StockNews.com started coverage on shares of ePlus in a research note on Thursday, October 5th. They issued a “hold” rating for the company.
ePlus Company Profile
ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.
- Five stocks we like better than ePlus
- How to Calculate Inflation Rate
- 3 value stocks you shouldn’t let go of this quarter
- How to Most Effectively Use the MarketBeat Earnings Screener
- 5 must-have next-gen technologies that institutions are buying
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 intriguing late-week earnings plays for short-term traders
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.