Los Angeles Capital Management LLC Takes $272,000 Position in ePlus inc. $PLUS

Los Angeles Capital Management LLC bought a new position in shares of ePlus inc. (NASDAQ:PLUS) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,769 shares of the software maker’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC grew its position in ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after purchasing an additional 1,050 shares during the period. Quarry LP boosted its stake in shares of ePlus by 33.6% in the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after buying an additional 159 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in ePlus by 34.1% during the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock worth $92,000 after acquiring an additional 382 shares during the period. Nisa Investment Advisors LLC grew its holdings in ePlus by 19.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock worth $92,000 after acquiring an additional 210 shares during the period. Finally, Jones Financial Companies Lllp raised its position in ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,645 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $90.22 on Monday. The firm has a fifty day moving average of $74.87 and a 200 day moving average of $71.29. The firm has a market cap of $2.39 billion, a PE ratio of 20.23, a PEG ratio of 2.18 and a beta of 1.14. ePlus inc. has a one year low of $53.83 and a one year high of $92.66.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, November 6th. The software maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $608.83 million during the quarter, compared to analysts’ expectations of $518.30 million. ePlus had a net margin of 5.47% and a return on equity of 11.03%. On average, equities analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 25th. ePlus’s dividend payout ratio (DPR) is 21.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.