Pacer Advisors Inc. Decreases Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Pacer Advisors Inc. lowered its stake in ePlus inc. (NASDAQ:PLUS) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,329,832 shares of the software maker’s stock after selling 58,067 shares during the period. Pacer Advisors Inc.’s holdings in ePlus were worth $98,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PLUS. FMR LLC grew its position in ePlus by 70.9% during the third quarter. FMR LLC now owns 1,117,812 shares of the software maker’s stock valued at $109,926,000 after buying an additional 463,621 shares during the period. Millennium Management LLC boosted its stake in shares of ePlus by 4,036.0% during the 2nd quarter. Millennium Management LLC now owns 251,430 shares of the software maker’s stock worth $18,525,000 after acquiring an additional 245,351 shares during the last quarter. Wellington Management Group LLP grew its position in shares of ePlus by 20.4% during the 3rd quarter. Wellington Management Group LLP now owns 968,998 shares of the software maker’s stock valued at $95,291,000 after acquiring an additional 164,016 shares during the period. Geode Capital Management LLC increased its stake in shares of ePlus by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 731,909 shares of the software maker’s stock worth $71,987,000 after purchasing an additional 105,526 shares in the last quarter. Finally, Barclays PLC raised its holdings in ePlus by 82.3% in the 3rd quarter. Barclays PLC now owns 80,328 shares of the software maker’s stock worth $7,899,000 after purchasing an additional 36,267 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Price Performance

NASDAQ PLUS opened at $81.32 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. ePlus inc. has a 12 month low of $56.33 and a 12 month high of $106.98. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.83 and a beta of 1.10. The company’s 50 day moving average is $78.09 and its two-hundred day moving average is $86.93.

Wall Street Analyst Weigh In

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

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.