Vest Financial LLC Takes $1.51 Million Position in ePlus inc. $PLUS
by Amy Steele · The Cerbat GemVest Financial LLC purchased a new stake in ePlus inc. (NASDAQ:PLUS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,228 shares of the software maker’s stock, valued at approximately $1,511,000.
Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of ePlus in the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC acquired a new position in shares of ePlus in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake in shares of ePlus by 47.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Osaic Holdings Inc. lifted its stake in shares of ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after purchasing an additional 351 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of ePlus by 30.8% in the 4th quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.
Analyst Ratings Changes
PLUS has been the topic of a number of analyst reports. Wall Street Zen downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Finally, Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, ePlus currently has a consensus rating of “Buy”.
Read Our Latest Analysis on PLUS
ePlus Stock Up 1.7%
PLUS opened at $84.69 on Friday. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98. The company has a fifty day simple moving average of $79.51 and a 200 day simple moving average of $83.01. The stock has a market cap of $2.24 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.91 and a beta of 1.01.
ePlus (NASDAQ:PLUS – Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. ePlus had a net margin of 5.63% and a return on equity of 12.06%. The business had revenue of $614.77 million during the quarter, compared to analysts’ expectations of $529.60 million. On average, equities research analysts expect that ePlus inc. will post 4.74 earnings per share for the current fiscal year.
ePlus Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Tuesday, February 24th were given a $0.25 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. ePlus’s dividend payout ratio is currently 19.88%.
Insider Activity at ePlus
In related news, COO Darren S. Raiguel sold 311 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total value of $27,582.59. Following the completion of the sale, the chief operating officer owned 57,037 shares in the company, valued at $5,058,611.53. This represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.93% of the stock is currently owned by corporate insiders.
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.
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