Inspire Investing LLC Has $543,000 Position in ePlus inc. $PLUS

Inspire Investing LLC trimmed its holdings in ePlus inc. (NASDAQ:PLUS) by 59.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,651 shares of the software maker’s stock after selling 11,144 shares during the quarter. Inspire Investing LLC’s holdings in ePlus were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc acquired a new stake in shares of ePlus during the 2nd quarter worth approximately $218,000. Northern Trust Corp boosted its stake in ePlus by 2.5% during the first quarter. Northern Trust Corp now owns 509,020 shares of the software maker’s stock worth $31,065,000 after acquiring an additional 12,372 shares in the last quarter. Cresset Asset Management LLC grew its holdings in ePlus by 50.3% in the second quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock worth $1,982,000 after purchasing an additional 9,198 shares during the period. Comerica Bank increased its stake in ePlus by 73.6% in the first quarter. Comerica Bank now owns 29,048 shares of the software maker’s stock valued at $1,773,000 after purchasing an additional 12,317 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of ePlus during the first quarter valued at about $281,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Stock Up 0.5%

Shares of ePlus stock opened at $90.03 on Friday. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $93.98. The business has a 50 day moving average price of $85.11 and a 200-day moving average price of $75.90. The company has a market cap of $2.38 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. ePlus had a return on equity of 11.44% and a net margin of 5.40%.The business had revenue of $608.83 million during the quarter, compared to the consensus estimate of $518.30 million. As a group, research analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

ePlus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Tuesday, November 25th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.00 annualized dividend and a yield of 1.1%. ePlus’s payout ratio is 21.69%.

Analysts Set New Price Targets

PLUS has been the subject of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Wednesday, October 8th. Wall Street Zen raised ePlus from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Finally, Zacks Research raised ePlus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, ePlus presently has a consensus rating of “Buy”.

Insiders Place Their Bets

In other ePlus news, Director John E. Callies sold 560 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $90.03, for a total value of $50,416.80. Following the completion of the sale, the director directly owned 21,428 shares of the company’s stock, valued at approximately $1,929,162.84. This represents a 2.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.93% of the company’s stock.

About ePlus

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.