Medina Value Partners LLC Makes New $2.73 Million Investment in ePlus inc. $PLUS

Medina Value Partners LLC acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 3rd quarter, HoldingsChannel reports. The fund acquired 38,442 shares of the software maker’s stock, valued at approximately $2,730,000. ePlus comprises about 0.6% of Medina Value Partners LLC’s holdings, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atria Investments Inc purchased a new position in ePlus in the 2nd quarter worth about $218,000. Public Sector Pension Investment Board grew its position in ePlus by 14.8% during the third quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock valued at $7,306,000 after buying an additional 13,225 shares during the period. Cresset Asset Management LLC increased its holdings in ePlus by 50.3% during the second quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock valued at $1,982,000 after buying an additional 9,198 shares during the last quarter. Elo Mutual Pension Insurance Co bought a new position in ePlus in the third quarter worth approximately $1,161,000. Finally, Andra AP fonden grew its position in shares of ePlus by 285.4% during the 3rd quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock valued at $1,259,000 after acquiring an additional 13,130 shares during the period. Institutional investors own 93.80% of the company’s stock.

Insider Buying and Selling at ePlus

In other news, COO Darren S. Raiguel sold 400 shares of ePlus stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $88.05, for a total value of $35,220.00. Following the sale, the chief operating officer directly owned 57,348 shares of the company’s stock, valued at $5,049,491.40. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.93% of the stock is currently owned by company insiders.

ePlus Stock Performance

PLUS traded down $0.47 during trading on Friday, hitting $75.76. The stock had a trading volume of 3,153 shares, compared to its average volume of 156,962. The stock has a 50 day simple moving average of $83.85 and a two-hundred day simple moving average of $81.24. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $93.98. The company has a market capitalization of $2.00 billion, a PE ratio of 15.13, a PEG ratio of 0.98 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last posted 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. ePlus had a net margin of 5.63% and a return on equity of 12.06%. The company had revenue of $614.77 million during the quarter, compared to analyst estimates of $529.60 million. On average, equities research analysts anticipate 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. Shareholders of record on Tuesday, February 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. ePlus’s dividend payout ratio is presently 19.88%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLUS. Weiss Ratings cut ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen cut ePlus from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average 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.