Inceptionr LLC Invests $469,000 in ePlus inc. $PLUS

Inceptionr LLC bought a new stake in shares of ePlus inc. (NASDAQ:PLUS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,608 shares of the software maker’s stock, valued at approximately $469,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new position in shares of ePlus in the 2nd quarter worth approximately $218,000. Cresset Asset Management LLC increased its stake in shares of ePlus by 50.3% in the second quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock valued at $1,982,000 after buying an additional 9,198 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of ePlus by 14.8% in the third quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock worth $7,306,000 after acquiring an additional 13,225 shares during the last quarter. Andra AP fonden raised its position in ePlus by 285.4% in the 3rd quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock worth $1,259,000 after purchasing an additional 13,130 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of ePlus during the third quarter worth $1,161,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Darren S. Raiguel sold 400 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $88.05, for a total value of $35,220.00. Following the completion of the sale, the chief operating officer owned 57,348 shares of the company’s stock, valued at approximately $5,049,491.40. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.93% of the company’s stock.

ePlus Trading Down 1.2%

NASDAQ PLUS opened at $76.23 on Thursday. The company has a 50 day moving average of $84.08 and a 200-day moving average of $81.28. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.99 and a beta of 1.00. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $93.98.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, February 4th. The software maker reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. The company had revenue of $614.77 million during the quarter, compared to the consensus estimate of $529.60 million. ePlus had a net margin of 5.63% and a return on equity of 12.06%. On average, equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

ePlus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 24th. ePlus’s payout ratio is 19.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLUS. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus presently has an average rating of “Hold”.

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.