20,168 Shares in ePlus inc. $PLUS Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in ePlus inc. (NASDAQ:PLUS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,168 shares of the software maker’s stock, valued at approximately $1,679,000. GSA Capital Partners LLP owned approximately 0.08% of ePlus at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLUS. Amundi lifted its holdings in shares of ePlus by 333.0% in the 1st quarter. Amundi now owns 5,361 shares of the software maker’s stock valued at $313,000 after buying an additional 4,123 shares during the period. AQR Capital Management LLC grew its holdings in ePlus by 20.4% during the first quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after acquiring an additional 7,742 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in ePlus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after acquiring an additional 687 shares in the last quarter. Millennium Management LLC lifted its holdings in ePlus by 103.1% in the first quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock valued at $13,817,000 after acquiring an additional 114,900 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in ePlus by 628.3% in the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after acquiring an additional 2,645 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Activity at ePlus

In other news, CFO Elaine D. Marion sold 5,514 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total value of $531,604.74. Following the completion of the transaction, the chief financial officer directly owned 84,259 shares of the company’s stock, valued at $8,123,410.19. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Darren S. Raiguel sold 1,935 shares of the company’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 completion of the sale, the chief operating officer owned 69,236 shares in the company, valued at $6,512,338.16. This represents 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 a total of 13,200 shares of company stock valued at $1,257,083 over the last 90 days. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PLUS. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

ePlus Price Performance

NASDAQ:PLUS opened at $88.53 on Monday. ePlus inc. has a 52-week low of $69.07 and a 52-week high of $98.14. The stock has a fifty day simple moving average of $86.31 and a 200-day simple moving average of $83.42. The company has a market capitalization of $2.31 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating 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 firm had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. As a group, equities analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Dividend Announcement

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

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.