London Co. of Virginia Decreases Stake in ePlus inc. $PLUS

London Co. of Virginia cut its position in shares of ePlus inc. (NASDAQ:PLUS) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,757 shares of the software maker’s stock after selling 10,858 shares during the period. London Co. of Virginia’s holdings in ePlus were worth $20,647,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PLUS. Focus Partners Wealth purchased a new stake in shares of ePlus during the 3rd quarter worth approximately $154,000. CSM Advisors LLC grew its holdings in shares of ePlus by 42.5% in the third quarter. CSM Advisors LLC now owns 10,917 shares of the software maker’s stock valued at $775,000 after purchasing an additional 3,254 shares in the last quarter. Algert Global LLC increased its position in ePlus by 18.0% in the third quarter. Algert Global LLC now owns 11,022 shares of the software maker’s stock worth $783,000 after purchasing an additional 1,680 shares during the last quarter. Creative Planning increased its position in ePlus by 83.5% in the third quarter. Creative Planning now owns 18,607 shares of the software maker’s stock worth $1,321,000 after purchasing an additional 8,465 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in ePlus by 6.3% during the third quarter. California State Teachers Retirement System now owns 26,355 shares of the software maker’s stock valued at $1,871,000 after purchasing an additional 1,557 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

NASDAQ PLUS opened at $76.61 on Tuesday. The business’s 50 day moving average price is $83.43 and its 200-day moving average price is $81.42. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $93.98. The company has a market cap of $2.02 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.97 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 4th. The software maker reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. The company had revenue of $614.77 million during the quarter, compared to the consensus estimate of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. As a group, equities analysts predict that ePlus inc. will post 3.78 EPS for the current year.

ePlus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. ePlus’s dividend payout ratio (DPR) is 19.88%.

Analyst Ratings Changes

PLUS has been the subject of several research reports. Zacks Research lowered shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ePlus has an average rating of “Hold”.

Insider Activity

In related news, COO Darren S. Raiguel sold 311 shares of ePlus stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total transaction of $27,582.59. Following the completion of the transaction, the chief operating officer directly owned 57,037 shares of the company’s stock, valued at approximately $5,058,611.53. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.93% of the company’s stock.

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.