ePlus inc. $PLUS Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 130.4% in the fourth quarter, Holdings Channel reports. The firm owned 14,487 shares of the software maker’s stock after buying an additional 8,200 shares during the quarter. SG Americas Securities LLC’s holdings in ePlus were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PLUS. Meeder Asset Management Inc. acquired a new stake in shares of ePlus in the 3rd quarter worth $29,000. Strengthening Families & Communities LLC acquired a new stake in shares of ePlus in the 3rd quarter worth $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 worth $31,000 after acquiring 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 worth $32,000 after acquiring 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 worth $79,000 after acquiring an additional 213 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 400 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $88.05, for a total value of $35,220.00. Following the completion of the transaction, the chief operating officer directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.93% of the company’s stock.

ePlus Stock Up 2.5%

Shares of NASDAQ PLUS opened at $79.47 on Wednesday. ePlus inc. has a 52 week low of $54.06 and a 52 week high of $93.98. The firm has a 50-day moving average price of $79.84 and a 200 day moving average price of $81.79. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 0.84 and a beta of 1.01.

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

ePlus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. ePlus’s dividend payout ratio (DPR) is 19.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLUS. Wall Street Zen cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings upgraded shares of ePlus from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 27th. Finally, Zacks Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.