Janus Henderson Group PLC increased its stake in shares of ePlus inc. (NASDAQ:PLUS) by 90.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 337,412 shares of the software maker’s stock after acquiring an additional 160,160 shares during the period. Janus Henderson Group PLC owned 2.38% of ePlus inc. worth $25,002,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mason Street Advisors LLC increased its holdings in shares of ePlus inc. by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock valued at $208,000 after acquiring an additional 101 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of ePlus inc. by 1.0% during the 1st quarter. Legal & General Group Plc now owns 10,885 shares of the software maker’s stock valued at $1,469,000 after acquiring an additional 109 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of ePlus inc. by 4.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,700 shares of the software maker’s stock valued at $500,000 after acquiring an additional 150 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of ePlus inc. by 15.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock valued at $223,000 after acquiring an additional 218 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of ePlus inc. by 3.6% during the 1st quarter. Comerica Bank now owns 7,257 shares of the software maker’s stock valued at $519,000 after acquiring an additional 253 shares during the last quarter. 86.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of ePlus inc. (NASDAQ:PLUS) opened at 95.65 on Wednesday. The company has a market cap of $1.36 billion, a P/E ratio of 25.09 and a beta of 1.40. ePlus inc. has a 12 month low of $44.20 and a 12 month high of $97.70. The firm has a 50 day moving average price of $87.41 and a 200-day moving average price of $78.24.

ePlus inc. announced that its board has authorized a stock repurchase program on Friday, August 18th that allows the company to buyback 500,000 shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Bruce M. Bowen sold 400 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $82.57, for a total transaction of $33,028.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark P. Marron sold 10,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $93.40, for a total value of $934,000.00. The disclosure for this sale can be found here. Insiders have sold 29,214 shares of company stock worth $2,580,002 in the last three months. 3.25% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on PLUS shares. BidaskClub lowered ePlus inc. from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and set a $75.00 price objective on shares of ePlus inc. in a report on Tuesday. Finally, ValuEngine lowered ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ePlus inc. currently has an average rating of “Hold” and a consensus price target of $45.80.

ILLEGAL ACTIVITY NOTICE: This story was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/janus-henderson-group-plc-has-25-million-stake-in-eplus-inc-plus/1638514.html.

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.

Want to see what other hedge funds are holding PLUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ePlus inc. (NASDAQ:PLUS).

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

Receive News & Ratings for ePlus inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.