Susquehanna International Group LLP Sells 6,397 Shares of ePlus inc. $PLUS

Susquehanna International Group LLP lessened its position in shares of ePlus inc. (NASDAQ:PLUS) by 55.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,115 shares of the software maker’s stock after selling 6,397 shares during the quarter. Susquehanna International Group LLP’s holdings in ePlus were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in ePlus during the 2nd quarter worth about $337,929,000. Vanguard Group Inc. grew its position in shares of ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock worth $215,147,000 after buying an additional 8,146 shares during the period. Dimensional Fund Advisors LP grew its position in shares of ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after buying an additional 48,158 shares during the period. State Street Corp raised its stake in shares of ePlus by 0.9% during the second quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock worth $73,474,000 after buying an additional 8,956 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of ePlus by 118.2% during the first quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after buying an additional 313,674 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other ePlus news, COO Darren S. Raiguel sold 1,935 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $94.06, for a total transaction of $182,006.10. Following the sale, the chief operating officer directly owned 69,236 shares in the company, valued at approximately $6,512,338.16. This trade represents a 2.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elaine D. Marion sold 5,514 shares of ePlus stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total transaction of $531,604.74. Following the completion of the transaction, the chief financial officer directly owned 84,259 shares in the company, valued at approximately $8,123,410.19. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,700 shares of company stock worth $1,301,128 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

ePlus Stock Up 0.8%

PLUS opened at $87.97 on Tuesday. ePlus inc. has a 12 month low of $69.07 and a 12 month high of $98.14. The company has a fifty day simple moving average of $87.32 and a 200 day simple moving average of $83.51. The stock has a market cap of $2.30 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.12 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, topping the consensus estimate of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The firm had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. On average, equities research analysts expect that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Dividend Announcement

The firm 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 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 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.