ePlus inc. $PLUS Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC reduced its position in shares of ePlus inc. (NASDAQ:PLUS) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 379,481 shares of the software maker’s stock after selling 53,745 shares during the quarter. WCM Investment Management LLC owned about 1.43% of ePlus worth $26,974,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other ePlus news, Director John E. Callies sold 560 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $90.03, for a total value of $50,416.80. Following the transaction, the director owned 21,428 shares in the company, valued at approximately $1,929,162.84. This represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.93% of the company’s stock.

ePlus Price Performance

PLUS stock opened at $87.05 on Tuesday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.12 and a beta of 1.01. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $93.98. The company’s 50 day simple moving average is $88.45 and its 200-day simple moving average is $78.86.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, November 6th. The software maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.58. The firm had revenue of $608.83 million for the quarter, compared to analysts’ expectations of $518.30 million. ePlus had a net margin of 5.40% and a return on equity of 11.44%. Sell-side analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th were issued a $0.25 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. ePlus’s dividend payout ratio is currently 21.69%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLUS. Wall Street Zen downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a report on Thursday, January 22nd. Finally, Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ePlus has an average rating of “Hold”.

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.