Affinity Investment Advisors LLC Trims Stake in ePlus inc. (NASDAQ:PLUS)

Affinity Investment Advisors LLC reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,391 shares of the software maker’s stock after selling 3,890 shares during the period. Affinity Investment Advisors LLC’s holdings in ePlus were worth $430,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ePlus by 28.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,892 shares of the software maker’s stock worth $311,000 after acquiring an additional 1,080 shares in the last quarter. Teacher Retirement System of Texas grew its position in ePlus by 60.8% in the third quarter. Teacher Retirement System of Texas now owns 29,419 shares of the software maker’s stock worth $1,869,000 after acquiring an additional 11,124 shares in the last quarter. Los Angeles Capital Management LLC grew its position in ePlus by 55.5% in the third quarter. Los Angeles Capital Management LLC now owns 15,942 shares of the software maker’s stock worth $1,013,000 after acquiring an additional 5,691 shares in the last quarter. Versor Investments LP purchased a new position in ePlus in the third quarter worth $640,000. Finally, Illinois Municipal Retirement Fund purchased a new position in ePlus in the third quarter worth $993,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their target price on shares of ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, April 15th.

ePlus Trading Up 0.5 %

NASDAQ PLUS traded up $0.39 during trading on Wednesday, hitting $79.94. 147,467 shares of the company’s stock traded hands, compared to its average volume of 201,973. The stock has a fifty day moving average of $77.99 and a two-hundred day moving average of $75.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.59. ePlus inc. has a 12-month low of $45.18 and a 12-month high of $83.57. The firm has a market cap of $2.15 billion, a P/E ratio of 16.78 and a beta of 1.17.

Insider Buying and Selling at ePlus

In other ePlus news, COO Darren S. Raiguel sold 4,833 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the completion of the sale, the chief operating officer now directly owns 33,290 shares in the company, valued at $2,675,517.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.41% of the company’s stock.

About ePlus

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 in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.