Rockefeller Capital Management L.P. Has $907,000 Stock Holdings in ePlus inc. $PLUS

Rockefeller Capital Management L.P. lessened its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 95.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,584 shares of the software maker’s stock after selling 257,992 shares during the period. Rockefeller Capital Management L.P.’s holdings in ePlus were worth $907,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLUS. Quaker Wealth Management LLC grew its holdings in shares of ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock valued at $38,000 after acquiring an additional 1,050 shares in the last quarter. Quarry LP raised its holdings in shares of ePlus by 33.6% during the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after acquiring an additional 159 shares in the last quarter. Advisors Asset Management Inc. boosted its position in ePlus by 34.1% during the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock valued at $92,000 after purchasing an additional 382 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in ePlus by 19.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock valued at $92,000 after purchasing an additional 210 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in 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 in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research raised ePlus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, ePlus has a consensus rating of “Buy”.

ePlus Trading Down 0.7%

Shares of PLUS stock opened at $89.99 on Thursday. The firm has a market capitalization of $2.38 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.14. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $93.37. The firm’s fifty day simple moving average is $77.40 and its 200 day simple moving average is $72.67.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. The firm had revenue of $608.83 million for the quarter, compared to analyst estimates of $518.30 million. ePlus had a return on equity of 11.03% and a net margin of 5.47%. Equities research analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Tuesday, November 25th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 25th. ePlus’s dividend payout ratio is 21.69%.

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.