ePlus inc. $PLUS Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its holdings in shares of ePlus inc. (NASDAQ:PLUSFree Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,521 shares of the software maker’s stock after selling 13,236 shares during the period. London Co. of Virginia’s holdings in ePlus were worth $24,339,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings in ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after buying an additional 351 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ePlus by 30.8% during the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after buying an additional 213 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in ePlus during the fourth quarter worth approximately $108,000. US Bancorp DE boosted its holdings in ePlus by 856.4% during the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after buying an additional 1,550 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ePlus during the fourth quarter worth approximately $138,000. 93.80% of the stock is currently owned by institutional investors.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the sale, the chief operating officer owned 55,748 shares in the company, valued at $5,014,532.60. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 1,289 shares of company stock valued at $115,757. 1.93% of the stock is owned by corporate insiders.

ePlus Stock Performance

ePlus stock opened at $82.41 on Wednesday. The company has a 50 day moving average price of $83.84 and a 200 day moving average price of $83.99. ePlus inc. has a 52 week low of $62.11 and a 52 week high of $93.98. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.11 and a beta of 1.01.

ePlus (NASDAQ:PLUSGet Free Report) last posted its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. ePlus had a net margin of 5.24% and a return on equity of 11.36%. The firm had revenue of $581.63 million during the quarter, compared to analyst estimates of $569.25 million. Equities analysts forecast that ePlus inc. will post 4.66 earnings per share for the current fiscal year.

ePlus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, June 17th. This is a positive change from ePlus’s previous quarterly dividend of $0.25. ePlus’s payout ratio is currently 20.66%.

Analyst Ratings Changes

A number of analysts recently weighed in on PLUS shares. Zacks Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Research Report on ePlus

About ePlus

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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