ePlus inc. $PLUS Shares Purchased by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of ePlus inc. (NASDAQ:PLUS) by 258.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,795 shares of the software maker’s stock after acquiring an additional 14,278 shares during the period. AlphaQuest LLC owned about 0.07% of ePlus worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Vista Finance LLC raised its position in ePlus by 4.1% in the 2nd quarter. Vista Finance LLC now owns 4,794 shares of the software maker’s stock valued at $346,000 after purchasing an additional 188 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ePlus in the 2nd quarter valued at about $318,000. WCM Investment Management LLC raised its position in shares of ePlus by 6.6% during the 2nd quarter. WCM Investment Management LLC now owns 433,226 shares of the software maker’s stock worth $31,716,000 after acquiring an additional 26,777 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of ePlus by 28.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 77,940 shares of the software maker’s stock worth $5,569,000 after acquiring an additional 17,151 shares in the last quarter. Finally, CWM LLC raised its position in shares of ePlus by 302.9% during the 2nd quarter. CWM LLC now owns 2,788 shares of the software maker’s stock worth $201,000 after acquiring an additional 2,096 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Trading Up 1.1%

Shares of PLUS stock opened at $74.39 on Friday. The business’s 50 day moving average is $72.53 and its two-hundred day moving average is $69.00. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $106.98. The company has a market capitalization of $1.98 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15.

ePlus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Tuesday, August 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, August 26th. ePlus’s dividend payout ratio (DPR) is 22.42%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PLUS. Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About ePlus

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.