ePlus inc. (NASDAQ:PLUS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of ePlus inc. (NASDAQ:PLUS) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,875 shares of the software maker’s stock after selling 1,243 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ePlus were worth $2,053,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock valued at $37,000 after acquiring an additional 252 shares during the period. CWM LLC grew its position in ePlus by 1,247.7% in the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new position in ePlus in the second quarter worth approximately $66,000. Picton Mahoney Asset Management bought a new position in shares of ePlus in the second quarter valued at $156,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ePlus during the 2nd quarter valued at $175,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Insider Activity

In other news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $92.19, for a total value of $460,950.00. Following the completion of the sale, the chief financial officer now owns 64,442 shares in the company, valued at $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.02% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $80.81 on Friday. ePlus inc. has a one year low of $56.33 and a one year high of $106.98. The stock has a fifty day moving average of $93.11 and a 200-day moving average of $86.19. The company has a market capitalization of $2.17 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85.

ePlus Company 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.