Menta Capital LLC bought a new stake in shares of ePlus inc. (NASDAQ:PLUS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,912 shares of the software maker’s stock, valued at approximately $957,000. Menta Capital LLC owned approximately 0.09% of ePlus inc. at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of ePlus inc. by 169.6% during the 2nd quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock valued at $103,000 after purchasing an additional 872 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of ePlus inc. during the 2nd quarter valued at about $111,000. Mason Street Advisors LLC boosted its stake 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 purchasing an additional 101 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of ePlus inc. by 74.2% during the 2nd quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock valued at $119,000 after purchasing an additional 684 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake 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 purchasing an additional 218 shares in the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

In other ePlus inc. news, Director Bruce M. Bowen sold 400 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total transaction of $33,028.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director C Thomas Faulders III sold 5,214 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total transaction of $445,432.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,214 shares of company stock worth $1,365,802. 3.25% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on PLUS. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Saturday, August 5th. BidaskClub lowered shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. ValuEngine lowered shares of ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. ePlus inc. presently has a consensus rating of “Buy” and an average target price of $45.80.

ePlus inc. (NASDAQ PLUS) opened at 87.95 on Tuesday. The stock has a market capitalization of $1.25 billion, a PE ratio of 23.07 and a beta of 1.42. ePlus inc. has a 12 month low of $44.20 and a 12 month high of $89.65. The company’s 50-day moving average is $82.05 and its 200-day moving average is $84.28.

ePlus inc. declared that its Board of Directors has initiated a stock buyback program on Friday, August 18th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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ePlus inc. 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.

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

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