ePlus inc. (NASDAQ:PLUS) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC trimmed its holdings in ePlus inc. (NASDAQ:PLUS) by 40.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,088 shares of the software maker’s stock after selling 4,127 shares during the period. Verition Fund Management LLC’s holdings in ePlus were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in ePlus by 70.9% in the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after purchasing an additional 463,621 shares during the last quarter. Millennium Management LLC increased its stake in ePlus by 4,036.0% during the second quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after acquiring an additional 245,351 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of ePlus by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker’s stock valued at $136,486,000 after purchasing an additional 229,837 shares in the last quarter. American Century Companies Inc. raised its stake in shares of ePlus by 75.5% in the 2nd quarter. American Century Companies Inc. now owns 487,069 shares of the software maker’s stock valued at $35,887,000 after acquiring an additional 209,511 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in ePlus in the second quarter valued at about $4,740,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

ePlus stock opened at $79.10 on Wednesday. The stock has a market cap of $2.12 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The stock has a 50 day moving average of $90.70 and a 200-day moving average of $86.34.

Insider Activity at ePlus

In other ePlus news, CFO Elaine D. Marion sold 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. The trade was a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

ePlus 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 through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.