Denali Advisors LLC Acquires 7,700 Shares of ePlus inc. $PLUS

Denali Advisors LLC boosted its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 68.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 18,900 shares of the software maker’s stock after acquiring an additional 7,700 shares during the period. Denali Advisors LLC’s holdings in ePlus were worth $1,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in shares of ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after purchasing an additional 351 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of ePlus during the fourth quarter worth $108,000. US Bancorp DE increased its holdings in ePlus by 856.4% in the third 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ePlus in the fourth quarter valued at about $138,000. Finally, Global Retirement Partners LLC acquired a new position in ePlus in the second quarter valued at about $150,000. Institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at ePlus

In other news, COO Darren S. Raiguel sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.83, for a total transaction of $90,830.00. Following the sale, the chief operating officer owned 68,036 shares of the company’s stock, valued at $6,179,709.88. This trade represents a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elaine D. Marion sold 5,514 shares of ePlus stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total value of $531,604.74. Following the transaction, the chief financial officer owned 84,259 shares in the company, valued at $8,123,410.19. This trade represents a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,700 shares of company stock valued at $1,301,128 over the last 90 days. 2.20% of the stock is owned by company insiders.

ePlus Stock Up 0.5%

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

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The business had revenue of $649.11 million for 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%. Research analysts expect that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Dividend Announcement

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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus’s dividend payout ratio is 23.63%.

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.