Victory Capital Management Inc. Sells 19,772 Shares of ePlus inc. (NASDAQ:PLUS)

Victory Capital Management Inc. reduced its stake in ePlus inc. (NASDAQ:PLUS) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,436 shares of the software maker’s stock after selling 19,772 shares during the quarter. Victory Capital Management Inc.’s holdings in ePlus were worth $16,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of 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 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 worth $44,000 after acquiring an additional 549 shares during the last quarter. Innealta Capital LLC purchased a new position in ePlus in the 2nd quarter worth approximately $66,000. EntryPoint Capital LLC raised its holdings in ePlus by 1,236.7% in the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock worth $83,000 after acquiring an additional 977 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in ePlus in the 2nd quarter worth approximately $156,000. 93.80% of the stock is owned by institutional investors.

ePlus Price Performance

Shares of PLUS opened at $79.53 on Wednesday. The firm has a market cap of $2.13 billion, a PE ratio of 19.73, a P/E/G ratio of 1.68 and a beta of 1.13. 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 firm has a fifty day simple moving average of $94.90 and a two-hundred day simple moving average of $86.18. ePlus inc. has a 1-year low of $56.33 and a 1-year high of $106.98.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at ePlus

In other news, CFO Elaine D. Marion sold 5,000 shares of the company’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 represents a 7.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.02% of the company’s stock.

About 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.