Bank of New York Mellon Corp cut its stake in ePlus Inc. (NASDAQ:PLUS) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,952 shares of the software maker’s stock after selling 2,195 shares during the quarter. Bank of New York Mellon Corp owned 1.42% of ePlus worth $18,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of ePlus in the second quarter worth approximately $123,000. SG Americas Securities LLC purchased a new stake in shares of ePlus in the first quarter worth approximately $171,000. Amalgamated Bank purchased a new stake in shares of ePlus during the second quarter valued at approximately $209,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of ePlus during the second quarter valued at approximately $226,000. Finally, Aperio Group LLC purchased a new stake in shares of ePlus during the first quarter valued at approximately $228,000. 91.88% of the stock is owned by hedge funds and other institutional investors.

In other ePlus news, Director Lawrence S. Herman sold 500 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $102.43, for a total transaction of $51,215.00. Following the completion of the transaction, the director now directly owns 11,552 shares of the company’s stock, valued at $1,183,271.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Darren S. Raiguel sold 2,824 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $102.82, for a total value of $290,363.68. Following the transaction, the chief operating officer now directly owns 32,409 shares of the company’s stock, valued at $3,332,293.38. The disclosure for this sale can be found here. Insiders have sold 16,794 shares of company stock valued at $1,712,450 over the last ninety days. 2.72% of the stock is currently owned by company insiders.

A number of analysts recently commented on PLUS shares. Stifel Nicolaus reaffirmed a “neutral” rating and set a $100.00 price target on shares of ePlus in a research report on Friday, August 10th. BidaskClub downgraded ePlus from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised ePlus from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $107.00.

Shares of PLUS opened at $99.75 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.50. The company has a market cap of $1.40 billion, a P/E ratio of 23.66 and a beta of 1.15. ePlus Inc. has a 12 month low of $67.65 and a 12 month high of $107.25.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.11. The company had revenue of $356.53 million during the quarter, compared to the consensus estimate of $346.55 million. ePlus had a return on equity of 16.05% and a net margin of 4.07%. equities research analysts predict that ePlus Inc. will post 5.29 EPS for the current year.

About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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