Teachers Retirement System of The State of Kentucky increased its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 198.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,072 shares of the software maker's stock after buying an additional 17,332 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.10% of ePlus worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in PLUS. FMR LLC lifted its holdings in ePlus by 70.9% during the 3rd quarter. FMR LLC now owns 1,117,812 shares of the software maker's stock worth $109,926,000 after buying an additional 463,621 shares during the period. Millennium Management LLC raised its position in shares of ePlus by 4,036.0% during the second 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. Pacer Advisors Inc. lifted its stake in shares of ePlus by 19.8% in the third quarter. Pacer Advisors Inc. now owns 1,387,899 shares of the software maker's stock worth $136,486,000 after acquiring an additional 229,837 shares during the period. American Century Companies Inc. boosted its holdings in ePlus by 75.5% in the second quarter. American Century Companies Inc. now owns 487,069 shares of the software maker's stock valued at $35,887,000 after acquiring an additional 209,511 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in 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 purchasing an additional 164,016 shares during the period. Institutional investors own 93.80% of the company's stock.
Shares of ePlus stock opened at $77.14 on Monday. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98. The company has a current ratio of 1.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $89.31 and a two-hundred day moving average price of $86.32. The company has a market cap of $2.07 billion, a P/E ratio of 19.14, a PEG ratio of 1.82 and a beta of 1.08.
Separately, StockNews.com downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.
Read Our Latest Analysis on ePlus
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.
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