Envestnet Asset Management Inc. Has $366,000 Holdings in ePlus Inc. (PLUS)

Envestnet Asset Management Inc. boosted its holdings in shares of ePlus Inc. (NASDAQ:PLUS) by 80.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,963 shares of the software maker’s stock after buying an additional 1,767 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ePlus were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PLUS. Bank of Montreal Can increased its position in ePlus by 74.2% during the second quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after buying an additional 684 shares during the last quarter. Russell Investments Group Ltd. increased its position in ePlus by 101.5% during the second quarter. Russell Investments Group Ltd. now owns 11,217 shares of the software maker’s stock worth $831,000 after buying an additional 5,650 shares during the last quarter. Great West Life Assurance Co. Can increased its position in ePlus by 108.0% during the second quarter. Great West Life Assurance Co. Can now owns 20,068 shares of the software maker’s stock worth $1,483,000 after buying an additional 10,419 shares during the last quarter. Sei Investments Co. increased its position in ePlus by 169.6% during the second quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock worth $103,000 after buying an additional 872 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in ePlus by 120.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 87,358 shares of the software maker’s stock worth $6,474,000 after buying an additional 47,788 shares during the last quarter. 89.72% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on PLUS. Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of ePlus in a research report on Tuesday, October 17th. Zacks Investment Research downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.77.

In other news, Director John E. Callies sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.35, for a total value of $96,420.00. Following the sale, the director now directly owns 11,154 shares of the company’s stock, valued at $896,223.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elaine D. Marion sold 3,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $93.40, for a total value of $280,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,200 shares of company stock worth $1,310,620. 3.25% of the stock is currently owned by company insiders.

Shares of ePlus Inc. (NASDAQ PLUS) opened at $79.30 on Monday. The stock has a market capitalization of $1,140.80, a PE ratio of 20.57 and a beta of 1.28. ePlus Inc. has a 1 year low of $54.28 and a 1 year high of $97.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.50.

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ePlus 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 (NASDAQ:PLUS)

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