Sei Investments Co. Has $3.72 Million Position in ePlus inc. $PLUS

Sei Investments Co. grew its stake in ePlus inc. (NASDAQ:PLUS) by 180.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,448 shares of the software maker’s stock after purchasing an additional 31,847 shares during the quarter. Sei Investments Co.’s holdings in ePlus were worth $3,722,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tributary Capital Management LLC boosted its holdings in shares of ePlus by 9.0% during the 4th quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after buying an additional 13,369 shares during the period. Vest Financial LLC acquired a new position in ePlus in the 4th quarter valued at about $1,511,000. Comerica Bank raised its holdings in ePlus by 74.9% in the 4th quarter. Comerica Bank now owns 69,187 shares of the software maker’s stock valued at $6,068,000 after acquiring an additional 29,631 shares during the period. Dimensional Fund Advisors LP raised its holdings in ePlus by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after acquiring an additional 48,158 shares during the period. Finally, First Trust Advisors LP lifted its position in ePlus by 118.2% during the first quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after acquiring an additional 313,674 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLUS has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Activity at ePlus

In related news, COO Darren S. Raiguel sold 1,935 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $94.06, for a total transaction of $182,006.10. Following the sale, the chief operating officer owned 69,236 shares of the company’s stock, valued at $6,512,338.16. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elaine D. Marion sold 5,514 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total value of $531,604.74. Following the sale, the chief financial officer directly owned 84,259 shares in the company, valued at $8,123,410.19. This represents a 6.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,200 shares of company stock worth $1,256,203 over the last ninety days. Insiders own 2.20% of the company’s stock.

ePlus Stock Performance

Shares of ePlus stock opened at $90.35 on Friday. The firm has a 50-day moving average of $85.47 and a 200-day moving average of $83.37. ePlus inc. has a 52-week low of $62.42 and a 52-week high of $98.14. The stock has a market cap of $2.36 billion, a PE ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. Equities research analysts predict that ePlus inc. will post 4.66 earnings per share for the current fiscal year.

ePlus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. ePlus’s dividend payout ratio (DPR) is currently 23.63%.

ePlus Company 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.