Neumeier Poma Investment Counsel LLC Makes New $22.89 Million Investment in ePlus inc. $PLUS

Neumeier Poma Investment Counsel LLC acquired a new stake in ePlus inc. (NASDAQ:PLUS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 275,000 shares of the software maker’s stock, valued at approximately $22,888,250. Neumeier Poma Investment Counsel LLC owned 1.05% of ePlus as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PLUS. Osaic Holdings Inc. raised its stake in shares of ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of ePlus during the fourth quarter valued at about $108,000. US Bancorp DE increased its stake in shares of ePlus by 856.4% in the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ePlus during the fourth quarter worth about $138,000. Finally, Global Retirement Partners LLC acquired a new stake in ePlus in the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Insider Transactions at ePlus

In other news, CFO Elaine D. Marion sold 5,514 shares of ePlus stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total value of $531,604.74. Following the completion of the sale, the chief financial officer owned 84,259 shares in the company, valued at $8,123,410.19. The trade was a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Darren S. Raiguel sold 1,935 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $94.06, for a total value of $182,006.10. Following the sale, the chief operating officer owned 69,236 shares in the company, valued at approximately $6,512,338.16. The trade was a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,700 shares of company stock valued at $1,301,128 in the last three months. 2.20% of the stock is owned by corporate insiders.

ePlus Stock Down 0.2%

PLUS traded down $0.20 on Friday, hitting $87.46. The company had a trading volume of 69,425 shares, compared to its average volume of 208,424. The business’s fifty day simple moving average is $87.04 and its 200 day simple moving average is $83.50. ePlus inc. has a 12-month low of $69.07 and a 12-month high of $98.14. The company has a market cap of $2.28 billion, a PE ratio of 19.14, a PEG ratio of 1.11 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The company had revenue of $649.11 million during the quarter, compared to analyst estimates of $639.95 million. On average, analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus’s dividend payout ratio is presently 23.63%.

Wall Street Analyst Weigh In

PLUS has been the topic of a number of research analyst reports. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.