First National Bank of Omaha acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,416 shares of the software maker’s stock, valued at approximately $534,000.
A number of other large investors have also bought and sold shares of the company. Osaic Holdings Inc. raised its stake in shares of ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of ePlus during the 4th quarter valued at $108,000. US Bancorp DE grew its stake in shares of ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ePlus during the 4th quarter worth $138,000. Finally, Global Retirement Partners LLC purchased a new stake in ePlus in the 2nd quarter worth about $150,000. 93.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PLUS. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Insider Transactions at ePlus
In related news, COO Darren S. Raiguel sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $90.83, for a total transaction of $90,830.00. Following the sale, the chief operating officer owned 68,036 shares of the company’s stock, valued at approximately $6,179,709.88. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Callies sold 500 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $88.09, for a total transaction of $44,045.00. Following the completion of the sale, the director owned 20,648 shares in the company, valued at $1,818,882.32. This represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,700 shares of company stock valued at $1,301,128. 2.20% of the stock is currently owned by corporate insiders.
ePlus Price Performance
ePlus stock opened at $86.53 on Thursday. The firm has a market capitalization of $2.26 billion, a P/E ratio of 18.93, a PEG ratio of 1.11 and a beta of 1.00. ePlus inc. has a one year low of $69.07 and a one year high of $98.14. The business has a fifty day moving average price of $86.53 and a 200-day moving average price of $83.46.
ePlus (NASDAQ:PLUS – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. Sell-side analysts expect that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, August 25th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. ePlus’s dividend payout ratio is currently 23.63%.
About ePlus
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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