Exchange Traded Concepts LLC Has $1.21 Million Stake in ePlus inc. $PLUS

Exchange Traded Concepts LLC increased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,835 shares of the software maker’s stock after purchasing an additional 966 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.06% of ePlus worth $1,214,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PLUS. Quarry LP boosted its holdings in ePlus by 33.6% during the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after purchasing an additional 159 shares during the last quarter. Versant Capital Management Inc lifted its stake in ePlus by 377.9% in the first 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 last quarter. GAMMA Investing LLC lifted its stake in ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker’s stock valued at $62,000 after acquiring an additional 882 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in ePlus by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock valued at $92,000 after acquiring an additional 382 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in ePlus by 628.3% in the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,645 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analysts Set New Price Targets

PLUS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, ePlus has a consensus rating of “Hold”.

ePlus Stock Performance

NASDAQ PLUS opened at $74.90 on Tuesday. The firm has a 50-day moving average of $70.33 and a 200-day moving average of $67.43. The stock has a market cap of $1.99 billion, a PE ratio of 16.79, a P/E/G ratio of 2.23 and a beta of 1.17. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98.

ePlus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, August 26th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, August 26th. ePlus’s dividend payout ratio (DPR) is currently 22.42%.

ePlus 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.