Andra AP fonden Buys 13,130 Shares of ePlus inc. $PLUS

Andra AP fonden lifted its position in ePlus inc. (NASDAQ:PLUS) by 285.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,730 shares of the software maker’s stock after acquiring an additional 13,130 shares during the period. Andra AP fonden owned approximately 0.07% of ePlus worth $1,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PLUS. Vanguard Group Inc. raised its holdings in ePlus by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,445,069 shares of the software maker’s stock worth $173,624,000 after purchasing an additional 8,281 shares during the period. River Road Asset Management LLC grew its holdings in shares of ePlus by 17.2% in the 2nd quarter. River Road Asset Management LLC now owns 1,624,923 shares of the software maker’s stock valued at $117,157,000 after buying an additional 238,070 shares during the period. State Street Corp increased its position in shares of ePlus by 0.9% in the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock valued at $73,474,000 after buying an additional 8,956 shares in the last quarter. American Century Companies Inc. raised its stake in ePlus by 7.2% during the 2nd quarter. American Century Companies Inc. now owns 927,875 shares of the software maker’s stock worth $66,900,000 after buying an additional 62,557 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in ePlus by 2.6% during the second quarter. Geode Capital Management LLC now owns 671,943 shares of the software maker’s stock worth $48,453,000 after acquiring an additional 16,804 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Trading Up 1.4%

Shares of PLUS stock opened at $80.66 on Monday. The firm’s fifty day moving average price is $85.75 and its two-hundred day moving average price is $80.99. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $93.98. The firm has a market capitalization of $2.13 billion, a P/E ratio of 16.04, a PEG ratio of 1.03 and a beta of 1.00.

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

ePlus Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. ePlus’s payout ratio is 19.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PLUS shares. Wall Street Zen downgraded ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings raised ePlus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling

In related news, Director John E. Callies sold 560 shares of the business’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 transaction, the director directly owned 21,428 shares in the company, valued at approximately $1,929,162.84. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darren S. Raiguel sold 311 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $88.69, for a total transaction of $27,582.59. Following the sale, the chief operating officer directly owned 57,037 shares in the company, valued at $5,058,611.53. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,271 shares of company stock worth $113,219. Company 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.