UBS Group AG Sells 13,949 Shares of ePlus inc. $PLUS

UBS Group AG decreased its holdings in ePlus inc. (NASDAQ:PLUS) by 23.3% in the 4th quarter, HoldingsChannel reports. The firm owned 46,015 shares of the software maker’s stock after selling 13,949 shares during the quarter. UBS Group AG’s holdings in ePlus were worth $4,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of ePlus by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock worth $215,147,000 after acquiring an additional 8,146 shares during the last quarter. Round Rock Advisors LLC raised its position in shares of ePlus by 31.3% during the fourth quarter. Round Rock Advisors LLC now owns 20,099 shares of the software maker’s stock worth $1,763,000 after acquiring an additional 4,797 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ePlus by 17.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,166 shares of the software maker’s stock worth $453,000 after acquiring an additional 752 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of ePlus by 9.0% during the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after acquiring an additional 13,369 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of ePlus by 0.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 100,657 shares of the software maker’s stock worth $8,828,000 after acquiring an additional 438 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 3.9%

Shares of ePlus stock opened at $85.37 on Friday. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98. The business has a fifty day simple moving average of $81.14 and a 200 day simple moving average of $84.25. The stock has a market cap of $2.25 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04.

Insider Activity at ePlus

In related news, COO Darren S. Raiguel sold 1,000 shares of ePlus stock in a transaction on Monday, May 11th. The stock was sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the sale, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at $5,014,532.60. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,289 shares of company stock worth $115,757 over the last ninety days. 1.93% of the stock is owned by insiders.

Analyst Ratings Changes

PLUS has been the subject of a number of recent research reports. Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

ePlus Company 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.