Bridge City Capital LLC Buys 11,385 Shares of ePlus inc. $PLUS

Bridge City Capital LLC lifted its holdings in ePlus inc. (NASDAQ:PLUS) by 21.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,078 shares of the software maker’s stock after acquiring an additional 11,385 shares during the period. ePlus accounts for approximately 1.7% of Bridge City Capital LLC’s holdings, making the stock its 18th biggest holding. Bridge City Capital LLC’s holdings in ePlus were worth $5,620,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position in ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after acquiring an additional 351 shares in the last quarter. GAMMA Investing LLC grew its position in ePlus by 30.8% in the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after acquiring an additional 213 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in ePlus in the fourth quarter worth about $108,000. US Bancorp DE grew 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 worth $123,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in ePlus in the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $83.19 on Friday. The company has a market cap of $2.18 billion, a P/E ratio of 17.19, a PEG ratio of 1.11 and a beta of 1.01. ePlus inc. has a 1 year low of $62.11 and a 1 year high of $93.98. The firm has a 50-day simple moving average of $83.61 and a two-hundred day simple moving average of $84.15.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $581.63 million during 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%. As a group, equities research analysts expect that ePlus inc. will post 4.66 EPS for the current year.

ePlus Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This is an increase from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.3%. ePlus’s payout ratio is 20.66%.

Analysts Set New Price Targets

Several research firms recently commented on PLUS. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Finally, Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Transactions at ePlus

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the sale, the chief operating officer owned 55,748 shares of the company’s stock, valued at $5,014,532.60. This trade represents 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 at this hyperlink. Insiders have sold a total of 1,289 shares of company stock valued at $115,757 over the last ninety days. 1.93% of the stock is owned by company 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.