Rhumbline Advisers Lowers Position in ePlus inc. $PLUS

Rhumbline Advisers trimmed its position in shares of ePlus inc. (NASDAQ:PLUS) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,541 shares of the software maker’s stock after selling 1,674 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of ePlus worth $4,488,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in shares of ePlus by 33.6% in the 1st quarter. Quarry LP now owns 632 shares of the software maker’s stock valued at $39,000 after purchasing an additional 159 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of ePlus by 1.6% in the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker’s stock worth $993,000 after buying an additional 260 shares during the period. Vista Finance LLC grew its position in shares of ePlus by 7.8% in the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker’s stock worth $281,000 after buying an additional 333 shares during the period. Advisors Asset Management Inc. increased its stake in shares of ePlus by 34.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock worth $92,000 after acquiring an additional 382 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in ePlus by 377.9% during the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock valued at $43,000 after acquiring an additional 563 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $73.84 on Monday. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a market cap of $1.97 billion, a P/E ratio of 16.56, a PEG ratio of 2.22 and a beta of 1.17. The stock’s fifty day moving average price is $69.83 and its 200-day moving average price is $66.98.

ePlus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 26th. ePlus’s dividend payout ratio (DPR) is presently 22.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.