Susquehanna International Group LLP decreased its holdings in shares of ePlus inc. (NASDAQ:PLUS – Free Report) by 55.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,115 shares of the software maker’s stock after selling 6,397 shares during the quarter. Susquehanna International Group LLP’s holdings in ePlus were worth $426,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLUS. Osaic Holdings Inc. lifted its holdings in shares of 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 during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of ePlus in the second quarter worth $51,000. Kestra Advisory Services LLC acquired a new stake in shares of ePlus in the fourth quarter worth $108,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in ePlus during the fourth quarter worth $138,000. Finally, US Bancorp DE raised its stake in ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on PLUS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
ePlus Price Performance
ePlus stock opened at $87.97 on Tuesday. The business has a 50 day simple moving average of $87.32 and a 200 day simple moving average of $83.51. The company has a market capitalization of $2.30 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.00. ePlus inc. has a one year low of $69.07 and a one year high of $98.14.
ePlus (NASDAQ:PLUS – Get Free Report) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The company had revenue of $649.11 million for the quarter, compared to the consensus estimate of $639.95 million. Equities analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be issued 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 payout ratio is presently 23.63%.
Insider Transactions at ePlus
In other news, CFO Elaine D. Marion sold 5,514 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total transaction of $531,604.74. Following the sale, the chief financial officer owned 84,259 shares in the company, valued at approximately $8,123,410.19. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Darren S. Raiguel sold 1,935 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were 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 owned 69,236 shares of the company’s stock, valued at approximately $6,512,338.16. This trade represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,700 shares of company stock valued at $1,301,128 in the last three months. 2.20% of the stock is owned by corporate insiders.
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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