Phocas Financial Corp. Trims Stock Holdings in ePlus inc. (NASDAQ:PLUS)

Phocas Financial Corp. cut its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 5.9% during the third quarter, HoldingsChannel.com reports. The fund owned 42,827 shares of the software maker’s stock after selling 2,677 shares during the quarter. Phocas Financial Corp.’s holdings in ePlus were worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC grew its position in 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 purchasing an additional 252 shares during the last quarter. CWM LLC grew its holdings in shares of ePlus by 1,247.7% during the second quarter. CWM LLC now owns 593 shares of the software maker’s stock worth $44,000 after buying an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new position in ePlus in the 2nd quarter valued at about $66,000. EntryPoint Capital LLC raised its stake in ePlus by 1,236.7% during the 1st quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after acquiring an additional 977 shares during the last quarter. Finally, Atria Investments Inc acquired a new stake in ePlus during the 3rd quarter worth approximately $202,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut ePlus from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Activity at ePlus

In related 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 transaction of $460,950.00. Following the transaction, the chief financial officer now owns 64,442 shares of the company’s stock, valued at $5,940,907.98. This represents a 7.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.02% of the stock is owned by insiders.

ePlus Stock Up 1.1 %

Shares of NASDAQ:PLUS opened at $79.51 on Tuesday. ePlus inc. has a fifty-two week low of $56.33 and a fifty-two week high of $106.98. The company has a quick ratio of 1.71, a current ratio of 1.85 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $95.08 and its 200-day simple moving average is $86.16. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.68 and a beta of 1.13.

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.