Andra AP fonden Has $1.26 Million Stock Position in ePlus inc. $PLUS

Andra AP fonden boosted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 285.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,730 shares of the software maker’s stock after buying an additional 13,130 shares during the quarter. Andra AP fonden’s holdings in ePlus were worth $1,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi boosted its stake in shares of ePlus by 333.0% during the 1st quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after acquiring an additional 4,123 shares during the period. AQR Capital Management LLC lifted its holdings in ePlus by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock valued at $2,784,000 after purchasing an additional 7,742 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ePlus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock valued at $956,000 after purchasing an additional 687 shares during the last quarter. Millennium Management LLC boosted its position in ePlus by 103.1% during the first quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock worth $13,817,000 after purchasing an additional 114,900 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of ePlus by 628.3% in the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,645 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Insider Activity

In related news, COO Darren S. Raiguel sold 311 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total transaction of $27,582.59. Following the completion of the sale, the chief operating officer owned 57,037 shares of the company’s stock, valued at $5,058,611.53. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John E. Callies sold 560 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 21,428 shares in the company, valued at approximately $1,929,162.84. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,271 shares of company stock valued at $113,219 in the last ninety days. 1.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

ePlus Trading Up 1.4%

NASDAQ PLUS opened at $80.66 on Monday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.03 and a beta of 1.00. The company has a 50 day moving average of $85.75 and a 200-day moving average of $80.99. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $93.98.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. The firm had revenue of $614.77 million for the quarter, compared to analyst estimates of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. On average, equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

ePlus Announces Dividend

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

ePlus Company 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.