KCG Holdings Inc. Invests $228,000 in ePlus inc. (PLUS)

KCG Holdings Inc. purchased a new position in ePlus inc. (NASDAQ:PLUS) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,687 shares of the software maker’s stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in PLUS. Elkfork Partners LLC boosted its stake in shares of ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock valued at $119,000 after buying an additional 544 shares during the last quarter. Palo Capital Inc. purchased a new stake in shares of ePlus inc. during the first quarter valued at $203,000. Mason Street Advisors LLC boosted its stake in shares of ePlus inc. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock valued at $208,000 after buying an additional 101 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of ePlus inc. by 15.2% in the first quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock valued at $223,000 after buying an additional 218 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of ePlus inc. by 8.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,813 shares of the software maker’s stock valued at $245,000 after buying an additional 134 shares during the last quarter. 51.93% of the stock is currently owned by institutional investors.

Shares of ePlus inc. (NASDAQ:PLUS) opened at 81.60 on Friday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.40 and a beta of 1.41. The stock has a 50 day moving average of $79.68 and a 200-day moving average of $90.95. ePlus inc. has a 52 week low of $41.47 and a 52 week high of $89.65.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of ePlus inc. from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub lowered shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price target on shares of ePlus inc. in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded shares of ePlus inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.05.

In related news, insider Phillip G. Norton sold 20,880 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $79.04, for a total transaction of $1,650,355.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Thomas Faulders III sold 5,214 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total value of $445,432.02. The disclosure for this sale can be found here. In the last three months, insiders sold 71,317 shares of company stock worth $5,665,433. Corporate insiders own 3.25% of the company’s stock.

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.

Institutional Ownership by Quarter for ePlus inc. (NASDAQ:PLUS)

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