29,009 Shares in ePlus inc. $PLUS Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in ePlus inc. (NASDAQ:PLUS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,009 shares of the software maker’s stock, valued at approximately $2,414,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in shares of ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares in the last quarter. Kestra Advisory Services LLC bought a new position in ePlus in the fourth quarter valued at about $108,000. US Bancorp DE raised its position in ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ePlus during the fourth quarter valued at about $138,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of ePlus during the second quarter valued at about $150,000. Institutional investors own 93.80% of the company’s stock.

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,514 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total transaction of $531,604.74. Following the sale, the chief financial officer owned 84,259 shares in the company, valued at $8,123,410.19. This represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Callies sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $88.09, for a total value of $44,045.00. Following the sale, the director directly owned 20,648 shares of the company’s stock, valued at $1,818,882.32. This represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,700 shares of company stock valued at $1,301,128. Corporate insiders own 2.20% of the company’s stock.

ePlus Stock Performance

NASDAQ:PLUS opened at $87.66 on Friday. The firm’s fifty day moving average is $87.04 and its 200-day moving average is $83.50. ePlus inc. has a 52 week low of $69.07 and a 52 week high of $98.14. The firm has a market cap of $2.29 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.11 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The business had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. As a group, sell-side analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLUS shares. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ePlus presently has a consensus rating of “Hold”.

ePlus 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.