ePlus inc. $PLUS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of ePlus inc. (NASDAQ:PLUS) by 59.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,652 shares of the software maker’s stock after selling 46,288 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of ePlus worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of ePlus by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after purchasing an additional 351 shares in the last quarter. Quaker Wealth Management LLC lifted its holdings in shares of ePlus by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after buying an additional 1,050 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in ePlus during the second quarter worth about $67,000. Finally, Advisors Asset Management Inc. grew its holdings in 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 acquiring an additional 382 shares during the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

ePlus Trading Down 0.5%

NASDAQ PLUS opened at $85.89 on Friday. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $93.98. The company’s 50 day moving average is $87.62 and its two-hundred day moving average is $76.93. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.13 and a beta of 1.02.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. ePlus had a return on equity of 11.44% and a net margin of 5.40%.The business had revenue of $608.83 million during the quarter, compared to analyst estimates of $518.30 million. Sell-side analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, November 25th. ePlus’s dividend payout ratio is presently 21.69%.

Analyst Ratings Changes

PLUS has been the subject of a number of analyst reports. Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, ePlus has a consensus rating of “Hold”.

Insider Activity at ePlus

In other news, Director John E. Callies sold 560 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $90.03, for a total transaction of $50,416.80. Following the completion of the sale, the director owned 21,428 shares of the company’s stock, valued at $1,929,162.84. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.93% of the company’s stock.

ePlus 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.