WCM Investment Management LLC cut its holdings in shares of ePlus inc. (NASDAQ:PLUS – Free Report) by 44.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 176,750 shares of the software maker’s stock after selling 142,693 shares during the period. WCM Investment Management LLC’s holdings in ePlus were worth $13,012,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Osaic Holdings Inc. grew its position in shares of ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of ePlus by 30.8% in the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after purchasing an additional 213 shares during the period. Kestra Advisory Services LLC purchased a new position in ePlus during the 4th quarter worth approximately $108,000. US Bancorp DE raised its holdings in shares of 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 purchasing an additional 1,550 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ePlus during the fourth quarter worth $138,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.
Insider Buying and Selling
In other news, COO Darren S. Raiguel sold 1,000 shares of the firm’s 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 transaction, the chief operating officer owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 1,289 shares of company stock worth $115,757. Company insiders own 1.93% of the company’s stock.
ePlus Stock Up 1.3%
ePlus (NASDAQ:PLUS – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $581.63 million during the quarter, compared to analyst estimates of $569.25 million. ePlus had a return on equity of 11.36% and a net margin of 5.24%. Research analysts expect that ePlus inc. will post 4.66 EPS for the current year.
ePlus Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th were issued a $0.27 dividend. This is a boost from ePlus’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, June 17th. This represents a $1.08 annualized dividend and a yield of 1.2%. ePlus’s payout ratio is 22.31%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Zacks Research downgraded ePlus from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ePlus presently has an average rating of “Reduce”.
Get Our Latest Stock Report on PLUS
ePlus 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.
Further Reading
- Five stocks we like better than ePlus
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding PLUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ePlus inc. (NASDAQ:PLUS – Free Report).
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.
