State of New Jersey Common Pension Fund D Sells 4,272 Shares of ePlus inc. (NASDAQ:PLUS)

State of New Jersey Common Pension Fund D cut its stake in shares of ePlus inc. (NASDAQ:PLUSFree Report) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,878 shares of the software maker’s stock after selling 4,272 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of ePlus worth $2,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of ePlus by 1.9% in the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock worth $556,000 after purchasing an additional 144 shares in the last quarter. Inspire Investing LLC increased its stake in ePlus by 3.2% in the 2nd quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after buying an additional 168 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in ePlus by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock valued at $987,000 after acquiring an additional 200 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of ePlus by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock valued at $959,000 after acquiring an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of ePlus by 203.2% in 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. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $78.62 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. ePlus inc. has a 52-week low of $56.33 and a 52-week high of $106.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.87 and a current ratio of 1.85. The firm’s fifty day moving average is $95.28 and its two-hundred day moving average is $86.03.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Friday.

Read Our Latest Report on ePlus

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 64,442 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.02% of the company’s stock.

ePlus Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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