State of Alaska Department of Revenue Boosts Position in ePlus inc. $PLUS

State of Alaska Department of Revenue raised its position in ePlus inc. (NASDAQ:PLUS) by 7.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,657 shares of the software maker’s stock after acquiring an additional 1,059 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of ePlus worth $1,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. 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 worth $39,000 after purchasing an additional 159 shares during the period. GAMMA Investing LLC increased its holdings in ePlus by 625.5% during the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker’s stock valued at $62,000 after buying an additional 882 shares during the last quarter. Advisors Asset Management Inc. raised its position in ePlus by 34.1% in the first 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 during the period. Jones Financial Companies Lllp boosted its stake in shares of 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. Finally, Vista Finance LLC boosted its stake in shares of ePlus by 7.8% during the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker’s stock worth $281,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Up 0.3%

NASDAQ PLUS opened at $73.10 on Monday. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The business has a 50-day moving average price of $71.09 and a 200-day moving average price of $67.91. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

ePlus Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLUS shares. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Saturday, September 27th. Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ePlus has an average rating of “Hold”.

About ePlus

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.