Rockefeller Capital Management L.P. Decreases Position in ePlus inc. $PLUS

Rockefeller Capital Management L.P. reduced its stake in shares of ePlus inc. (NASDAQ:PLUS) by 69.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,120 shares of the software maker’s stock after selling 305,400 shares during the quarter. Rockefeller Capital Management L.P. owned 0.52% of ePlus worth $12,025,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares during the period. GAMMA Investing LLC boosted its stake in shares of ePlus by 30.8% during the fourth 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. Kestra Advisory Services LLC bought a new position in shares of ePlus in the fourth quarter worth approximately $108,000. US Bancorp DE grew its holdings in shares of ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ePlus during the 4th quarter valued at $138,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Zacks Research lowered shares of ePlus from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Insiders Place Their Bets

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of ePlus stock in a transaction on Monday, May 11th. The stock was sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the transaction, the chief operating officer owned 55,748 shares in the company, valued at approximately $5,014,532.60. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,289 shares of company stock worth $115,757. 1.93% of the stock is owned by company insiders.

ePlus Trading Up 2.0%

Shares of PLUS stock opened at $80.81 on Thursday. The company’s fifty day moving average price is $83.78 and its 200-day moving average price is $83.65. The stock has a market cap of $2.11 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $569.25 million. ePlus had a net margin of 5.24% and a return on equity of 11.36%. On average, sell-side analysts forecast that ePlus inc. will post 4.66 earnings per share for the current fiscal year.

ePlus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be given a dividend of $0.27 per share. This is a boost from ePlus’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. ePlus’s dividend payout ratio is 22.31%.

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.