Denali Advisors LLC increased its position in shares of ePlus inc. (NASDAQ:PLUS – Free Report) by 68.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,900 shares of the software maker’s stock after purchasing an additional 7,700 shares during the quarter. Denali Advisors LLC owned approximately 0.07% of ePlus worth $1,573,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi increased its holdings in shares of ePlus by 333.0% during the first quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after buying an additional 4,123 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of ePlus by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after acquiring an additional 7,742 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ePlus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after acquiring an additional 687 shares in the last quarter. Millennium Management LLC grew its position in ePlus by 103.1% during the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock worth $13,817,000 after acquiring an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in ePlus by 628.3% during the 1st quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock worth $187,000 after acquiring an additional 2,645 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.
ePlus Price Performance
PLUS opened at $86.53 on Thursday. ePlus inc. has a one year low of $69.07 and a one year high of $98.14. The company’s 50 day simple moving average is $86.53 and its 200-day simple moving average is $83.46. The stock has a market capitalization of $2.26 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00.
ePlus (NASDAQ:PLUS – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million during the quarter, compared to analyst estimates of $639.95 million. As a group, analysts anticipate that ePlus inc. will post 4.86 EPS for the current year.
ePlus Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is 23.63%.
Insider Transactions at ePlus
In related news, COO Darren S. Raiguel sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.83, for a total value of $90,830.00. Following the transaction, the chief operating officer owned 68,036 shares in the company, valued at $6,179,709.88. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Callies sold 500 shares of ePlus stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $88.09, for a total value of $44,045.00. Following the completion of the sale, the director owned 20,648 shares of the company’s stock, valued at approximately $1,818,882.32. The trade was a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,700 shares of company stock worth $1,301,128 over the last 90 days. 2.20% of the stock is owned by insiders.
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.
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