Chicago Equity Partners LLC lifted its stake in ePlus inc. (NASDAQ:PLUS) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,655 shares of the software maker’s stock after acquiring an additional 5,640 shares during the period. Chicago Equity Partners LLC owned 0.75% of ePlus inc. worth $9,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new position in ePlus inc. during the 3rd quarter valued at about $266,000. First Midwest Bank Trust Division acquired a new position in ePlus inc. during the 3rd quarter valued at about $531,000. Aperio Group LLC acquired a new position in ePlus inc. during the 3rd quarter valued at about $226,000. First Trust Advisors LP acquired a new position in ePlus inc. during the 3rd quarter valued at about $1,012,000. Finally, USA Financial Portformulas Corp acquired a new position in ePlus inc. during the 2nd quarter valued at about $917,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Zacks Investment Research lowered ePlus inc. from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a research report on Tuesday, October 17th. ValuEngine lowered ePlus inc. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $45.80.

In other ePlus inc. news, CEO Mark P. Marron sold 10,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $93.40, for a total transaction of $934,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Elaine D. Marion sold 3,000 shares of the business’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. In the last quarter, insiders have sold 24,000 shares of company stock worth $2,134,570. Company insiders own 3.25% of the company’s stock.

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ePlus inc. (PLUS) traded up $0.70 during trading on Tuesday, reaching $75.40. The company’s stock had a trading volume of 6,456 shares, compared to its average volume of 97,814. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1,070.00, a P/E ratio of 18.97 and a beta of 1.33. ePlus inc. has a twelve month low of $47.22 and a twelve month high of $97.75.

ePlus inc. announced that its Board of Directors has approved a share repurchase program on Friday, August 18th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

About ePlus inc.

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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