JPMorgan Chase & Co. Cuts Holdings in ePlus inc. (NASDAQ:PLUS)

JPMorgan Chase & Co. trimmed its position in ePlus inc. (NASDAQ:PLUS) by 35.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 54,841 shares of the software maker’s stock after selling 30,312 shares during the period. JPMorgan Chase & Co.’s holdings in ePlus were worth $5,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLUS. Larson Financial Group LLC boosted its stake in shares of ePlus by 6,140.0% in the 3rd quarter. Larson Financial Group LLC now owns 312 shares of the software maker’s stock worth $31,000 after buying an additional 307 shares during the last quarter. GAMMA Investing LLC lifted its holdings in ePlus by 203.2% during the third quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after acquiring an additional 252 shares during the period. National Bank of Canada FI purchased a new position in ePlus in the third quarter worth $76,000. Advisors Asset Management Inc. grew its stake in ePlus by 43.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,121 shares of the software maker’s stock valued at $110,000 after purchasing an additional 342 shares during the period. Finally, CWM LLC increased its position in shares of ePlus by 170.2% during the 3rd quarter. CWM LLC now owns 1,602 shares of the software maker’s stock valued at $158,000 after purchasing an additional 1,009 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ePlus Stock Up 0.9 %

PLUS opened at $80.13 on Friday. The company’s 50-day moving average price is $79.00 and its two-hundred day moving average price is $86.52. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. ePlus inc. has a twelve month low of $56.33 and a twelve month high of $106.98. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.74 and a beta of 1.10.

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.