ZPR Investment Management Trims Position in ePlus inc. (PLUS)

ZPR Investment Management lowered its holdings in ePlus inc. (NASDAQ:PLUS) by 45.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,050 shares of the software maker’s stock after selling 11,880 shares during the quarter. ePlus inc. comprises approximately 1.6% of ZPR Investment Management’s investment portfolio, making the stock its 28th largest holding. ZPR Investment Management owned about 0.10% of ePlus inc. worth $1,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in ePlus inc. by 96.1% in the 2nd quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after purchasing an additional 761,763 shares during the period. Dimensional Fund Advisors LP grew its position in ePlus inc. by 96.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after purchasing an additional 576,536 shares during the period. Fiduciary Management Inc. WI grew its position in ePlus inc. by 102.6% in the 2nd quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock valued at $78,772,000 after purchasing an additional 538,286 shares during the period. FMR LLC grew its position in ePlus inc. by 171.3% in the 2nd quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after purchasing an additional 605,842 shares during the period. Finally, Vanguard Group Inc. grew its position in ePlus inc. by 101.5% in the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after purchasing an additional 462,907 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

In related news, Director C Thomas Faulders III sold 5,214 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total transaction of $445,432.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark P. Marron sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $93.40, for a total value of $934,000.00. The disclosure for this sale can be found here. Insiders have sold 29,214 shares of company stock worth $2,580,002 over the last ninety days. 3.25% of the stock is currently owned by insiders.

PLUS has been the subject of several research reports. BidaskClub downgraded shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Saturday, August 5th. ValuEngine raised shares of ePlus inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price target on shares of ePlus inc. in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.80.

TRADEMARK VIOLATION WARNING: “ZPR Investment Management Trims Position in ePlus inc. (PLUS)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/zpr-investment-management-trims-position-in-eplus-inc-plus.html.

Shares of ePlus inc. (NASDAQ:PLUS) traded down 0.05% during trading on Monday, hitting $93.35. 20,124 shares of the company were exchanged. The stock has a market capitalization of $1.32 billion, a PE ratio of 24.48 and a beta of 1.40. The company has a 50 day moving average of $85.21 and a 200-day moving average of $81.29. ePlus inc. has a 1-year low of $44.20 and a 1-year high of $95.80.

ePlus inc. announced that its board has approved a stock repurchase plan on Friday, August 18th that allows the company to buyback 500,000 outstanding shares. This buyback authorization a

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in ePlus inc. by 96.1% in the 2nd quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after purchasing an additional 761,763 shares during the period. Dimensional Fund Advisors LP grew its position in ePlus inc. by 96.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after purchasing an additional 576,536 shares during the period. Fiduciary Management Inc. WI grew its position in ePlus inc. by 102.6% in the 2nd quarter. Fiduciary Management Inc. WI now owns 1,063,046 shares of the software maker’s stock valued at $78,772,000 after purchasing an additional 538,286 shares during the period. FMR LLC grew its position in ePlus inc. by 171.3% in the 2nd quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after purchasing an additional 605,842 shares during the period. Finally, Vanguard Group Inc. grew its position in ePlus inc. by 101.5% in the 2nd quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after purchasing an additional 462,907 shares during the period. 86.94% of the stock is owned by institutional investors and hedge funds.

In related news, Director C Thomas Faulders III sold 5,214 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.43, for a total transaction of $445,432.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark P. Marron sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $93.40, for a total value of $934,000.00. The disclosure for this sale can be found here. Insiders have sold 29,214 shares of company stock worth $2,580,002 over the last ninety days. 3.25% of the stock is currently owned by insiders.

PLUS has been the subject of several research reports. BidaskClub downgraded shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Saturday, August 5th. ValuEngine raised shares of ePlus inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $75.00 price target on shares of ePlus inc. in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $45.80.

TRADEMARK VIOLATION WARNING: “ZPR Investment Management Trims Position in ePlus inc. (PLUS)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/zpr-investment-management-trims-position-in-eplus-inc-plus.html.

Shares of ePlus inc. (NASDAQ:PLUS) traded down 0.05% during trading on Monday, hitting $93.35. 20,124 shares of the company were exchanged. The stock has a market capitalization of $1.32 billion, a PE ratio of 24.48 and a beta of 1.40. The company has a 50 day moving average of $85.21 and a 200-day moving average of $81.29. ePlus inc. has a 1-year low of $44.20 and a 1-year high of $95.80.

ePlus inc. announced that its board has approved a stock repurchase plan on Friday, August 18th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.

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

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