ePlus inc. (PLUS) Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. lowered its position in ePlus inc. (NASDAQ:PLUS) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,225 shares of the software maker’s stock after selling 700 shares during the period. Chatham Capital Group Inc. owned approximately 0.07% of ePlus inc. worth $1,246,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Amsterdam Partners LLC NY bought a new stake in shares of ePlus inc. during the third quarter worth $4,096,000. JPMorgan Chase & Co. boosted its stake in shares of ePlus inc. by 49,534.5% in the third quarter. JPMorgan Chase & Co. now owns 28,788 shares of the software maker’s stock worth $2,719,000 after buying an additional 28,730 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of ePlus inc. by 1.3% in the third quarter. BlackRock Investment Management LLC now owns 28,259 shares of the software maker’s stock worth $2,668,000 after buying an additional 350 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of ePlus inc. by 19.2% in the third quarter. BlackRock Fund Advisors now owns 465,392 shares of the software maker’s stock worth $43,938,000 after buying an additional 74,933 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of ePlus inc. by 6.7% in the third quarter. Ameriprise Financial Inc. now owns 63,527 shares of the software maker’s stock worth $5,998,000 after buying an additional 3,970 shares during the last quarter. Institutional investors and hedge funds own 47.85% of the company’s stock.

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

Shares of ePlus inc. (NASDAQ PLUS) traded down 0.93% during trading on Friday, reaching $74.50. The company had a trading volume of 115,282 shares. The firm has a 50-day moving average of $75.06 and a 200-day moving average of $102.02. The company has a market cap of $1.05 billion, a P/E ratio of 20.69 and a beta of 1.37. ePlus inc. has a 12-month low of $39.09 and a 12-month high of $81.30.

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A number of analysts have recently weighed in on PLUS shares. Zacks Investment Research cut ePlus inc. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.31.

In other news, insider Phillip G. Norton sold 20,880 shares of ePlus inc. stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $79.04, for a total value of $1,650,355.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric D. Hovde sold 3,389 shares of ePlus inc. stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $80.30, for a total transaction of $272,136.70. Following the completion of the transaction, the director now owns 68,703 shares of the company’s stock, valued at approximately $5,516,850.90. The disclosure for this sale can be found here. Insiders sold 70,103 shares of company stock valued at $5,491,451 in the last quarter. 8.20% of the stock is currently owned by corporate insiders.

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.

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