Bank of Montreal Can raised its position in shares of ePlus inc. (NASDAQ:PLUS) by 74.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,606 shares of the software maker’s stock after acquiring an additional 684 shares during the period. Bank of Montreal Can’s holdings in ePlus inc. were worth $119,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its holdings in shares of ePlus inc. by 3.8% during the first quarter. Louisiana State Employees Retirement System now owns 2,700 shares of the software maker’s stock worth $365,000 after acquiring an additional 100 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of ePlus inc. by 7.0% during the first quarter. Mason Street Advisors LLC now owns 1,540 shares of the software maker’s stock worth $208,000 after acquiring an additional 101 shares during the period. Legal & General Group Plc boosted its holdings in shares of ePlus inc. by 1.0% during the first quarter. Legal & General Group Plc now owns 10,885 shares of the software maker’s stock worth $1,469,000 after acquiring an additional 109 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of ePlus inc. by 8.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,813 shares of the software maker’s stock worth $245,000 after acquiring an additional 134 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of ePlus inc. by 4.2% during the first quarter. Thrivent Financial For Lutherans now owns 3,700 shares of the software maker’s stock worth $500,000 after acquiring an additional 150 shares during the period. Institutional investors own 86.94% of the company’s stock.

Shares of ePlus inc. (NASDAQ PLUS) traded down 2.25% on Friday, reaching $78.05. 109,876 shares of the company’s stock traded hands. The firm has a market cap of $1.11 billion, a P/E ratio of 20.47 and a beta of 1.42. The company’s 50-day moving average price is $81.87 and its 200 day moving average price is $87.18. ePlus inc. has a one year low of $63.76 and a one year high of $141.00.

ePlus inc. announced that its board has authorized a stock buyback plan on Friday, August 18th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In other ePlus inc. news, Director C Thomas Faulders III sold 5,214 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $85.43, for a total value of $445,432.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce M. Bowen sold 400 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $82.57, for a total transaction of $33,028.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,614 shares of company stock valued at $561,610. Insiders own 3.25% of the company’s stock.

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PLUS has been the subject of a number of research analyst reports. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Zacks Investment Research upgraded ePlus inc. from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, September 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 price target on shares of ePlus inc. in a research note on Thursday, August 3rd. Finally, BidaskClub cut ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.80.

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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