Integrated Wealth Concepts LLC Trims Holdings in ePlus inc. (NASDAQ:PLUS)

Integrated Wealth Concepts LLC trimmed its position in ePlus inc. (NASDAQ:PLUS) by 11.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,086 shares of the software maker’s stock after selling 804 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in ePlus were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLUS. Larson Financial Group LLC boosted its stake in 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 purchasing an additional 307 shares during the period. GAMMA Investing LLC boosted its stake in ePlus by 203.2% in the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after purchasing an additional 252 shares during the period. CWM LLC boosted its stake in ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after purchasing an additional 549 shares during the period. Innealta Capital LLC bought a new position in ePlus in the 2nd quarter worth approximately $66,000. Finally, Advisors Asset Management Inc. boosted 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 worth $110,000 after purchasing an additional 342 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO Elaine D. Marion sold 5,000 shares of the firm’s 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 directly owns 64,442 shares in the company, valued at $5,940,907.98. This trade 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 available through this hyperlink. Corporate insiders own 2.02% of the company’s stock.

ePlus Stock Down 0.7 %

NASDAQ PLUS opened at $79.10 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 1.85. The company has a market capitalization of $2.12 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.85 and a beta of 1.08. ePlus inc. has a one year low of $56.33 and a one year high of $106.98. The stock has a 50 day moving average price of $90.70 and a 200-day moving average price of $86.34.

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.