Neumeier Poma Investment Counsel LLC purchased a new position in ePlus inc. (NASDAQ:PLUS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 275,000 shares of the software maker’s stock, valued at approximately $22,888,250,000. Neumeier Poma Investment Counsel LLC owned approximately 1.05% of ePlus at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of ePlus in the 2nd quarter valued at approximately $337,929,000. Vanguard Group Inc. increased its position in shares of ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock valued at $215,147,000 after purchasing an additional 8,146 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after purchasing an additional 48,158 shares during the last quarter. State Street Corp increased its position in shares of ePlus by 0.9% during the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock valued at $73,474,000 after purchasing an additional 8,956 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in ePlus by 118.2% during the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after buying an additional 313,674 shares during the period. 93.80% of the stock is owned by institutional investors.
ePlus Price Performance
Shares of ePlus stock opened at $86.85 on Monday. The stock’s fifty day moving average is $86.66 and its two-hundred day moving average is $83.47. ePlus inc. has a 52 week low of $69.07 and a 52 week high of $98.14. The company has a market capitalization of $2.27 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00.
ePlus Announces Dividend
The company 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 of this dividend is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. ePlus’s dividend payout ratio is presently 23.63%.
Analyst Ratings Changes
Several research firms have commented on PLUS. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on ePlus
Insider Activity
In related news, COO Darren S. Raiguel sold 1,935 shares of ePlus stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $94.06, for a total value of $182,006.10. Following the completion of the sale, the chief operating officer directly owned 69,236 shares in the company, valued at $6,512,338.16. The trade was a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elaine D. Marion sold 5,514 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total transaction of $531,604.74. Following the completion of the sale, the chief financial officer directly owned 84,259 shares of the company’s stock, valued at approximately $8,123,410.19. This trade represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,700 shares of company stock worth $1,301,128. Company insiders own 2.20% of the company’s stock.
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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