ePlus inc. (PLUS) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in ePlus inc. (NASDAQ:PLUS) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,570 shares of the software maker’s stock after buying an additional 3,788 shares during the period. Schwab Charles Investment Management Inc. owned about 0.28% of ePlus inc. worth $5,344,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Elkfork Partners LLC boosted its stake in ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock valued at $119,000 after buying an additional 544 shares during the period. Palo Capital Inc. purchased a new stake in ePlus inc. during the first quarter valued at about $203,000. Mason Street Advisors LLC boosted its stake in ePlus inc. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock valued at $208,000 after buying an additional 101 shares during the period. Victory Capital Management Inc. boosted its stake in ePlus inc. by 15.2% in the first quarter. Victory Capital Management Inc. now owns 1,649 shares of the software maker’s stock valued at $223,000 after buying an additional 218 shares during the period. Finally, KCG Holdings Inc. purchased a new stake in ePlus inc. during the first quarter valued at about $228,000. 51.93% of the stock is owned by institutional investors and hedge funds.

ePlus inc. (NASDAQ:PLUS) opened at 81.60 on Friday. The stock’s 50 day moving average is $79.68 and its 200-day moving average is $90.95. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.40 and a beta of 1.41. ePlus inc. has a 52 week low of $41.47 and a 52 week high of $89.65.

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Several equities research analysts have recently issued reports on PLUS shares. ValuEngine raised shares of ePlus inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Saturday, April 22nd. BidaskClub cut shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price target on shares of ePlus inc. in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.80.

In related news, Director Eric D. Hovde sold 5,060 shares of ePlus inc. stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $79.55, for a total value of $402,523.00. Following the sale, the director now directly owns 69,103 shares in the company, valued at approximately $5,497,143.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John E. Callies sold 1,000 shares of ePlus inc. stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $83.15, for a total transaction of $83,150.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,317 shares of company stock worth $5,665,433. 3.25% of the stock is currently owned by insiders.

ePlus inc. Company Profile

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.

Institutional Ownership by Quarter for ePlus inc. (NASDAQ:PLUS)

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