Atria Investments Inc Invests $218,000 in ePlus inc. $PLUS

Atria Investments Inc bought a new position in shares of ePlus inc. (NASDAQ:PLUS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,024 shares of the software maker’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quaker Wealth Management LLC grew its stake in ePlus by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after purchasing an additional 1,050 shares in the last quarter. Quarry LP lifted its holdings 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 buying an additional 159 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of ePlus by 19.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock worth $92,000 after buying an additional 210 shares during the period. Advisors Asset Management Inc. grew its position in shares of ePlus by 34.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock worth $92,000 after buying an additional 382 shares in the last quarter. Finally, CWM LLC increased its stake in shares of ePlus by 302.9% during the second quarter. CWM LLC now owns 2,788 shares of the software maker’s stock valued at $201,000 after buying an additional 2,096 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of ePlus stock opened at $90.53 on Friday. The company has a market capitalization of $2.39 billion, a PE ratio of 20.30, a P/E/G ratio of 2.18 and a beta of 1.14. The company has a 50-day simple moving average of $74.48 and a two-hundred day simple moving average of $70.97. ePlus inc. has a one year low of $53.83 and a one year high of $92.66.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Thursday, November 6th. The software maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $608.83 million for the quarter, compared to the consensus estimate of $518.30 million. ePlus had a net margin of 5.47% and a return on equity of 11.03%. On average, equities analysts predict that ePlus inc. will post 3.78 earnings per share for the current fiscal year.

ePlus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. ePlus’s dividend payout ratio is presently 21.69%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLUS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Zacks Research upgraded shares of 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, According to MarketBeat, the stock currently has a consensus 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.