First National Bank of Omaha Makes New Investment in ePlus inc. $PLUS

First National Bank of Omaha purchased a new stake in ePlus inc. (NASDAQ:PLUS) during the 2nd quarter, HoldingsChannel reports. The fund purchased 6,416 shares of the software maker’s stock, valued at approximately $534,000.

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

Insider Transactions at ePlus

In other news, COO Darren S. Raiguel sold 1,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $90.83, for a total value of $90,830.00. Following the completion of the sale, the chief operating officer owned 68,036 shares of the company’s stock, valued at approximately $6,179,709.88. This represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Callies sold 500 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $88.09, for a total transaction of $44,045.00. Following the completion of the sale, the director directly owned 20,648 shares of the company’s stock, valued at $1,818,882.32. This trade represents a 2.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,700 shares of company stock worth $1,301,128. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

ePlus Trading Up 0.5%

Shares of ePlus stock opened at $86.53 on Thursday. The firm has a market capitalization of $2.26 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00. ePlus inc. has a 12 month low of $69.07 and a 12 month high of $98.14. The business’s 50-day moving average price is $86.53 and its 200-day moving average price is $83.46.

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

ePlus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. ePlus’s dividend payout ratio (DPR) is 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.