LSV Asset Management Sells 24,600 Shares of ePlus inc. $PLUS

LSV Asset Management lowered its stake in shares of ePlus inc. (NASDAQ:PLUS) by 78.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Medina Value Partners LLC bought a new position in ePlus during the third quarter valued at about $2,730,000. Elo Mutual Pension Insurance Co bought a new position in ePlus during the third quarter valued at about $1,161,000. Public Sector Pension Investment Board grew its position in ePlus by 14.8% during the third quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock valued at $7,306,000 after buying an additional 13,225 shares during the period. Tributary Capital Management LLC grew its position in ePlus by 9.0% during the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock valued at $14,134,000 after buying an additional 13,369 shares during the period. Finally, Andra AP fonden grew its position in ePlus by 285.4% during the third quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock valued at $1,259,000 after buying an additional 13,130 shares during the period. Institutional investors own 93.80% of the company’s stock.

Insider Activity

In other news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total value of $89,950.00. Following the sale, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 1,289 shares of company stock valued at $115,757 over the last quarter. Corporate insiders own 1.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

ePlus Stock Up 2.6%

Shares of NASDAQ:PLUS opened at $89.19 on Thursday. The firm has a market capitalization of $2.35 billion, a PE ratio of 17.73, a P/E/G ratio of 0.95 and a beta of 1.04. ePlus inc. has a twelve month low of $62.11 and a twelve month high of $93.98. The company has a 50-day moving average price of $81.80 and a two-hundred day moving average price of $84.62.

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.