ePlus inc. $PLUS Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in ePlus inc. (NASDAQ:PLUS) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,884 shares of the software maker’s stock after buying an additional 13,225 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of ePlus worth $7,306,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Atria Investments Inc acquired a new stake in shares of ePlus in the 2nd quarter valued at about $218,000. Cresset Asset Management LLC increased its holdings in ePlus by 50.3% in the second quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock valued at $1,982,000 after buying an additional 9,198 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ePlus during the second quarter valued at approximately $703,000. London Co. of Virginia lifted its holdings in ePlus by 4.2% during the 2nd quarter. London Co. of Virginia now owns 301,615 shares of the software maker’s stock worth $21,747,000 after buying an additional 12,050 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of ePlus by 7.2% in the 2nd quarter. American Century Companies Inc. now owns 927,875 shares of the software maker’s stock worth $66,900,000 after acquiring an additional 62,557 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Down 1.8%

Shares of NASDAQ:PLUS opened at $82.41 on Wednesday. The company’s 50-day moving average price is $87.47 and its 200 day moving average price is $80.26. The company has a market cap of $2.17 billion, a PE ratio of 16.38, a P/E/G ratio of 1.08 and a beta of 1.01. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $93.98.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, beating the consensus estimate of $1.01 by $0.44. The company had revenue of $614.77 million for the quarter, compared to analyst estimates of $529.60 million. ePlus had a net margin of 5.63% and a return on equity of 12.06%. As a group, equities analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

ePlus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, February 24th. ePlus’s payout ratio is 19.88%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ePlus presently has an average rating of “Hold”.

Insider Buying and Selling at ePlus

In other ePlus news, COO Darren S. Raiguel sold 400 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $88.05, for a total transaction of $35,220.00. Following the transaction, the chief operating officer owned 57,348 shares of the company’s stock, valued at approximately $5,049,491.40. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John E. Callies sold 560 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $90.03, for a total transaction of $50,416.80. Following the sale, the director owned 21,428 shares in the company, valued at $1,929,162.84. This trade represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,271 shares of company stock valued at $113,219. Company insiders own 1.93% of the company’s stock.

About ePlus

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.