First Mercantile Trust Co Lowers stake in ePlus (PLUS)

ePlus (PLUS) : First Mercantile Trust Co reduced its stake in ePlus by 10.72% during the most recent quarter end. The investment management company now holds a total of 5,086 shares of ePlus which is valued at $480,474 after selling 611 shares in ePlus , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.ePlus makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in PLUS by selling 836 shares or 47.47% in the most recent quarter. The Hedge Fund company now holds 925 shares of PLUS which is valued at $87,533.

ePlus closed down -0.32 points or -0.34% at $94.47 with 77,787 shares getting traded on Friday. Post opening the session at $94.01, the shares hit an intraday low of $93.43 and an intraday high of $95.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

ePlus inc. is an integrator of technology solutions for information technology (IT) lifecycle management. The Company is engaged in selling leasing financing and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products third-party software third-party maintenance advanced professional and managed services and its software to commercial state and local governments and government contractors. The financing segment consists of the financing of IT equipment software and related services to commercial state and local governments and government contractors. The Company designs implements and provides an array of IT solutions from multiple IT vendors including Check Point Cisco Systems Dell EMC FireEye F5 Networks Hewlett-Packard Juniper McAfee NetApp Nimble Oracle Palo Alto Networks Pure Storage and VMware among others.

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