ePlus inc. (NASDAQ:PLUS) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in ePlus inc. (NASDAQ:PLUS) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,826 shares of the software maker’s stock after selling 300 shares during the period. Amalgamated Bank’s holdings in ePlus were worth $770,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of ePlus by 203.2% during the 3rd quarter. GAMMA Investing LLC now owns 376 shares of the software maker’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. CWM LLC raised its holdings in ePlus by 1,247.7% in the 2nd quarter. CWM LLC now owns 593 shares of the software maker’s stock valued at $44,000 after acquiring an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new stake in ePlus in the 2nd quarter valued at about $66,000. EntryPoint Capital LLC increased its holdings in shares of ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after buying an additional 977 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of ePlus during the 2nd quarter worth approximately $156,000. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,000 shares of ePlus stock in a transaction on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.02% of the company’s stock.

ePlus Stock Performance

Shares of PLUS stock opened at $78.62 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. ePlus inc. has a 52 week low of $56.33 and a 52 week high of $106.98. The stock has a market capitalization of $2.11 billion, a PE ratio of 19.51, a P/E/G ratio of 1.71 and a beta of 1.13. The firm has a 50 day moving average of $95.28 and a two-hundred day moving average of $86.03.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Friday.

ePlus Company 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.