Elevation Point Wealth Partners LLC Takes Position in ePlus inc. $PLUS

Elevation Point Wealth Partners LLC bought a new position in ePlus inc. (NASDAQ:PLUS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 934 shares of the software maker’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLUS. Quarry LP grew its holdings in ePlus by 33.6% during the 1st quarter. Quarry LP now owns 632 shares of the software maker’s stock valued at $39,000 after buying an additional 159 shares in the last quarter. Vista Finance LLC boosted its position in shares of ePlus by 4.1% during the 2nd quarter. Vista Finance LLC now owns 4,794 shares of the software maker’s stock valued at $346,000 after acquiring an additional 188 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of ePlus by 19.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock valued at $92,000 after purchasing an additional 210 shares in the last quarter. Bank of Montreal Can increased its position in ePlus by 6.2% in the second quarter. Bank of Montreal Can now owns 4,693 shares of the software maker’s stock worth $338,000 after purchasing an additional 274 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in ePlus by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock worth $92,000 after purchasing an additional 382 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

ePlus Stock Down 2.2%

PLUS stock opened at $87.67 on Tuesday. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $93.37. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.18 and a beta of 1.14. The firm’s fifty day simple moving average is $78.28 and its two-hundred day simple moving average is $73.21.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $608.83 million during the quarter, compared to analysts’ expectations of $518.30 million. ePlus had a net margin of 5.47% and a return on equity of 11.03%. As a group, equities research analysts expect that ePlus inc. will post 3.78 EPS for the current year.

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. ePlus’s dividend payout ratio is currently 21.69%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PLUS shares. Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.