BlackRock Fund Advisors Acquires 74,933 Shares of ePlus inc. (PLUS)

BlackRock Fund Advisors Acquires 74,933 Shares of ePlus inc. (PLUS)

BlackRock Fund Advisors raised its stake in shares of ePlus inc. (NASDAQ:PLUS) by 19.2% during the third quarter, Holdings Channel reports. The firm owned 465,392 shares of the company’s stock after buying an additional 74,933 shares during the period. BlackRock Fund Advisors owned about 6.56% of ePlus inc. worth $43,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PLUS. Columbia Partners L L C Investment Management increased its position in ePlus inc. by 11.4% in the second quarter. Columbia Partners L L C Investment Management now owns 25,533 shares of the company’s stock valued at $2,088,000 after buying an additional 2,614 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of ePlus inc. by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 150,538 shares of the company’s stock worth $12,313,000 after buying an additional 4,302 shares during the period. BlackRock Group LTD increased its stake in shares of ePlus inc. by 6.6% in the second quarter. BlackRock Group LTD now owns 6,088 shares of the company’s stock worth $497,000 after buying an additional 379 shares during the period. BlackRock Investment Management LLC increased its stake in shares of ePlus inc. by 15.0% in the second quarter. BlackRock Investment Management LLC now owns 27,909 shares of the company’s stock worth $2,283,000 after buying an additional 3,642 shares during the period. Finally, BlackRock Advisors LLC increased its stake in shares of ePlus inc. by 16.1% in the second quarter. BlackRock Advisors LLC now owns 3,081 shares of the company’s stock worth $252,000 after buying an additional 428 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

ePlus inc. (NASDAQ:PLUS) traded down 0.09% during midday trading on Friday, hitting $112.70. 15,050 shares of the company traded hands. The company has a market cap of $797.92 million, a PE ratio of 17.01 and a beta of 1.16. The stock has a 50 day moving average price of $114.66 and a 200-day moving average price of $98.31. ePlus inc. has a 12-month low of $61.78 and a 12-month high of $119.35.

A number of brokerages have recently commented on PLUS. Zacks Investment Research upgraded shares of ePlus inc. from a “hold” rating to a “strong-buy” rating and set a $112.00 price target for the company in a report on Tuesday, November 8th. Sidoti downgraded shares of ePlus inc. from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Tuesday, November 15th. Stifel Nicolaus lifted their price target on shares of ePlus inc. from $95.00 to $113.00 and gave the stock a “hold” rating in a report on Friday, December 9th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $117.00 price target on shares of ePlus inc. in a report on Tuesday, January 10th.

In other ePlus inc. news, Director Terrence Odonnell sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $95.75, for a total value of $143,625.00. Following the completion of the sale, the director now directly owns 5,538 shares of the company’s stock, valued at approximately $530,263.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce M. Bowen sold 1,151 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $105.06, for a total transaction of $120,924.06. The disclosure for this sale can be found here. Insiders sold a total of 144,262 shares of company stock valued at $15,409,586 over the last three months. 8.20% of the stock is owned by corporate insiders.

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.

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