ePlus inc. (PLUS) Shares Bought by Ativo Capital Management LLC

Ativo Capital Management LLC raised its stake in shares of ePlus inc. (NASDAQ:PLUS) by 79.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,405 shares of the software maker’s stock after buying an additional 7,702 shares during the period. Ativo Capital Management LLC owned approximately 0.13% of ePlus inc. worth $1,290,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its stake in ePlus inc. by 3.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the software maker’s stock valued at $365,000 after buying an additional 100 shares during the period. Mason Street Advisors LLC increased its stake in ePlus inc. by 7.0% during the 1st 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. Legal & General Group Plc increased its stake in ePlus inc. by 1.0% during the 1st quarter. Legal & General Group Plc now owns 10,885 shares of the software maker’s stock valued at $1,469,000 after buying an additional 109 shares during the period. BNP Paribas Arbitrage SA increased its stake in ePlus inc. by 8.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,813 shares of the software maker’s stock valued at $245,000 after buying an additional 134 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in ePlus inc. by 4.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,700 shares of the software maker’s stock valued at $500,000 after buying an additional 150 shares during the period. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

ePlus inc. (NASDAQ PLUS) opened at 87.20 on Thursday. ePlus inc. has a 1-year low of $44.20 and a 1-year high of $89.65. The firm has a market cap of $1.24 billion, a PE ratio of 22.87 and a beta of 1.42. The firm’s 50-day moving average is $82.05 and its 200 day moving average is $84.28.

ePlus inc. declared that its Board of Directors has initiated a stock buyback program on Friday, August 18th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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In related news, Director John E. Callies sold 1,000 shares of the company’s 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Thomas Faulders III sold 5,214 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total transaction of $445,432.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,214 shares of company stock worth $1,365,802. 3.25% of the stock is owned by corporate insiders.

Several research firms have commented on PLUS. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Saturday, August 5th. BidaskClub cut shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ePlus inc. currently has an average rating of “Buy” and a consensus price target of $45.80.

About ePlus inc.

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.

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

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