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

Rockefeller Capital Management L.P. lessened its position in ePlus inc. (NASDAQ:PLUS) by 69.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 137,120 shares of the software maker’s stock after selling 305,400 shares during the period. Rockefeller Capital Management L.P.’s holdings in ePlus were worth $12,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PLUS. Vanguard Group Inc. lifted its position in ePlus by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock valued at $215,147,000 after acquiring an additional 8,146 shares in the last quarter. State Street Corp raised its stake in shares of ePlus by 0.9% in the second quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock worth $73,474,000 after purchasing an additional 8,956 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of ePlus by 8.4% during the third quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker’s stock valued at $71,439,000 after purchasing an additional 78,160 shares in the last quarter. AltraVue Capital LLC boosted its position in shares of ePlus by 0.7% during the third quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker’s stock valued at $71,215,000 after buying an additional 7,460 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in ePlus by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 471,405 shares of the software maker’s stock worth $33,474,000 after buying an additional 39,012 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of ePlus 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 of the company’s stock, valued at $5,014,532.60. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 1,289 shares of company stock worth $115,757. 1.93% of the stock is currently owned by company insiders.

ePlus Stock Performance

NASDAQ PLUS opened at $80.81 on Thursday. The business’s fifty day moving average is $83.78 and its 200 day moving average is $83.65. ePlus inc. has a fifty-two week low of $62.11 and a fifty-two week high of $93.98. The company has a market capitalization 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 (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. ePlus had a return on equity of 11.36% and a net margin of 5.24%.The firm had revenue of $581.63 million for the quarter, compared to the consensus estimate of $569.25 million. On average, sell-side analysts forecast that ePlus inc. will post 4.66 EPS for the current year.

ePlus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.08 annualized dividend and a yield of 1.3%. This is a positive change from ePlus’s previous quarterly dividend of $0.25. ePlus’s payout ratio is currently 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.