Principal Financial Group Inc. Sells 8,713 Shares of ePlus inc. (NASDAQ:PLUS)

Principal Financial Group Inc. decreased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,027 shares of the software maker’s stock after selling 8,713 shares during the period. Principal Financial Group Inc.’s holdings in ePlus were worth $13,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PLUS. Russell Investments Group Ltd. raised its holdings in ePlus by 7.2% in the 1st quarter. Russell Investments Group Ltd. now owns 24,357 shares of the software maker’s stock worth $1,913,000 after purchasing an additional 1,639 shares during the period. ProShare Advisors LLC increased its position in ePlus by 7.2% in the first quarter. ProShare Advisors LLC now owns 5,361 shares of the software maker’s stock worth $421,000 after buying an additional 361 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of ePlus in the first quarter worth about $428,000. CANADA LIFE ASSURANCE Co lifted its position in shares of ePlus by 25.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,490 shares of the software maker’s stock valued at $2,157,000 after buying an additional 5,508 shares in the last quarter. Finally, EntryPoint Capital LLC grew its stake in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after acquiring an additional 977 shares during the period. Institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday.

Insider Buying and Selling

In related news, CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the transaction, the chief financial officer now owns 64,442 shares in the company, valued at approximately $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.02% of the stock is currently owned by company insiders.

ePlus Price Performance

NASDAQ:PLUS opened at $78.62 on Friday. The business’s 50-day simple moving average is $95.08 and its two-hundred day simple moving average is $86.03. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The stock has a market cap of $2.11 billion, a PE ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 0.01.

ePlus Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.