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

Neumeier Poma Investment Counsel LLC purchased a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 275,000 shares of the software maker’s stock, valued at approximately $22,888,250,000.

A number of other institutional investors have also modified their holdings of the company. Osaic Holdings Inc. grew 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 buying an additional 351 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in ePlus during the fourth quarter valued at approximately $108,000. US Bancorp DE grew 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 worth $123,000 after purchasing an additional 1,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ePlus in the fourth quarter worth $138,000. Finally, Global Retirement Partners LLC acquired a new position in shares of ePlus during the second quarter worth $150,000. 93.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on PLUS. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ePlus currently has a consensus rating of “Hold”.

Insider Activity

In related news, COO Darren S. Raiguel sold 1,935 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 $6,512,338.16. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John E. Callies sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $88.09, for a total value of $44,045.00. Following the completion of the sale, the director owned 20,648 shares in the company, valued at approximately $1,818,882.32. This represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 13,700 shares of company stock valued at $1,301,128. Company insiders own 2.20% of the company’s stock.

ePlus Stock Performance

NASDAQ PLUS opened at $86.85 on Monday. The company has a fifty day simple moving average of $86.66 and a two-hundred day simple moving average of $83.47. The stock has a market cap of $2.27 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.12 and a beta of 1.00. ePlus inc. has a 12-month low of $69.07 and a 12-month high of $98.14.

ePlus (NASDAQ:PLUS) last released its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm 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%. As a group, sell-side analysts forecast that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. ePlus’s dividend 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.