Vanguard Group Inc. boosted its position in shares of ePlus inc. (NASDAQ:PLUS) by 8.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 456,262 shares of the software maker’s stock after buying an additional 36,176 shares during the period. Vanguard Group Inc. owned about 3.22% of ePlus inc. worth $61,618,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Elkfork Partners LLC boosted its stake in shares of ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock worth $119,000 after buying an additional 544 shares during the last quarter. Swiss National Bank boosted its stake in shares of ePlus inc. by 4.7% in the first quarter. Swiss National Bank now owns 11,114 shares of the software maker’s stock worth $1,501,000 after buying an additional 500 shares during the last quarter. State Street Corp boosted its stake in shares of ePlus inc. by 12.5% in the fourth quarter. State Street Corp now owns 140,301 shares of the software maker’s stock worth $16,167,000 after buying an additional 15,536 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of ePlus inc. by 63.9% in the first quarter. Wedge Capital Management L L P NC now owns 20,000 shares of the software maker’s stock worth $1,351,000 after buying an additional 7,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of ePlus inc. by 1.0% in the first quarter. Legal & General Group Plc now owns 10,885 shares of the software maker’s stock worth $1,469,000 after buying an additional 109 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

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PLUS has been the subject of a number of research reports. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Saturday, April 22nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of ePlus inc. in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $30.06.

In related news, Director Eric D. Hovde sold 35,774 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $78.60, for a total value of $2,811,836.40. Following the transaction, the director now directly owns 74,163 shares of the company’s stock, valued at approximately $5,829,211.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric D. Hovde sold 3,389 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $80.30, for a total value of $272,136.70. Following the completion of the transaction, the director now directly owns 68,703 shares in the company, valued at $5,516,850.90. The disclosure for this sale can be found here. Insiders sold a total of 65,103 shares of company stock worth $5,136,851 over the last ninety days. Corporate insiders own 3.25% of the company’s stock.

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.

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

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