ePlus inc. $PLUS Shares Sold by London Co. of Virginia

London Co. of Virginia decreased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,521 shares of the software maker’s stock after selling 13,236 shares during the quarter. London Co. of Virginia owned approximately 1.05% of ePlus worth $24,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLUS. Amundi raised its stake in ePlus by 333.0% during the first 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 raised its stake in ePlus by 20.4% during the first quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after acquiring an additional 7,742 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ePlus by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after acquiring an additional 687 shares during the period. Millennium Management LLC raised its stake 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 acquiring an additional 114,900 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock worth $187,000 after acquiring an additional 2,645 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Activity at ePlus

In related news, COO Darren S. Raiguel sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the transaction, the chief operating officer owned 55,748 shares in the company, valued at $5,014,532.60. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,289 shares of company stock worth $115,757 in the last quarter. 1.93% of the stock is owned by company insiders.

ePlus Price Performance

NASDAQ PLUS opened at $82.41 on Wednesday. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98. The firm has a market capitalization of $2.16 billion, a PE ratio of 17.03, a P/E/G ratio of 1.11 and a beta of 1.01. The company’s 50 day simple moving average is $83.84 and its 200 day simple moving average is $83.99.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. ePlus had a net margin of 5.24% and a return on equity of 11.36%. The business had revenue of $581.63 million for the quarter, compared to analyst estimates of $569.25 million. Sell-side analysts anticipate 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 paid a dividend of $0.27 per share. This is a boost from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 17th. ePlus’s dividend payout ratio (DPR) is 20.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PLUS shares. Weiss Ratings lowered shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Wall Street Zen lowered shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research lowered shares of ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ePlus currently has a consensus rating of “Hold”.

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.