London Co. of Virginia Has $20.32 Million Stock Position in ePlus inc. $PLUS

London Co. of Virginia cut its stake in ePlus inc. (NASDAQ:PLUS) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,005 shares of the software maker’s stock after selling 7,516 shares during the period. London Co. of Virginia’s holdings in ePlus were worth $20,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in shares of ePlus by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after purchasing an additional 159 shares during the last quarter. Inceptionr LLC raised its stake in ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock worth $257,000 after buying an additional 190 shares during the last quarter. GAMMA Investing LLC raised its stake in ePlus by 30.8% during the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after buying an additional 213 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in ePlus by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock valued at $662,000 after buying an additional 233 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in ePlus by 6.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock valued at $338,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Wall Street Zen downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research lowered ePlus from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ePlus presently has a consensus rating of “Reduce”.

ePlus Stock Up 2.5%

NASDAQ:PLUS opened at $89.02 on Friday. The company has a fifty day moving average of $84.09 and a 200-day moving average of $83.05. The firm has a market capitalization of $2.49 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.19 and a beta of 1.02. ePlus inc. has a twelve month low of $62.11 and a twelve month high of $93.98.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $581.63 million for the quarter, compared to the consensus estimate of $569.25 million. ePlus had a net margin of 5.24% and a return on equity of 11.36%. On average, analysts anticipate that ePlus inc. will post 4.66 EPS for the current fiscal year.

ePlus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.27 per share. This is an increase from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 17th. ePlus’s dividend payout ratio (DPR) is currently 22.31%.

Insider Buying and Selling at ePlus

In other news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction dated 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. This represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 currently owned by corporate insiders.

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.