Royce & Associates LP lessened its stake in ePlus inc. (NASDAQ:PLUS – Free Report) by 35.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 100,987 shares of the software maker’s stock after selling 55,369 shares during the quarter. Royce & Associates LP owned 0.38% of ePlus worth $8,857,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in PLUS. Amundi lifted its stake in ePlus by 333.0% during the first quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after purchasing an additional 4,123 shares during the last quarter. AQR Capital Management LLC lifted its stake in ePlus by 20.4% during the first quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after purchasing an additional 7,742 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ePlus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after purchasing an additional 687 shares during the last quarter. Millennium Management LLC lifted its stake in ePlus by 103.1% during the first quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock worth $13,817,000 after purchasing an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock worth $187,000 after purchasing an additional 2,645 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.
Insider Activity
In other news, COO Darren S. Raiguel sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $89.95, for a total value of $89,950.00. Following the transaction, the chief operating officer owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,289 shares of company stock valued at $115,757 over the last quarter. Insiders own 1.93% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on PLUS
ePlus Trading Down 0.6%
NASDAQ:PLUS opened at $88.65 on Friday. The firm has a market cap of $2.34 billion, a P/E ratio of 17.62, a PEG ratio of 0.97 and a beta of 1.04. The stock’s 50 day simple moving average is $82.06 and its 200-day simple moving average is $84.65. ePlus inc. has a 12-month low of $62.11 and a 12-month high of $93.98.
ePlus (NASDAQ:PLUS – Get Free Report) last released its earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $581.63 million for the quarter, compared to analyst estimates of $569.25 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. Research analysts forecast that ePlus inc. will post 4.74 EPS for the current fiscal year.
ePlus Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This is an increase from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. ePlus’s dividend payout ratio is presently 19.88%.
ePlus Company Profile
ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.
The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.
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