Sei Investments Co. Has $3.72 Million Stock Holdings in ePlus inc. $PLUS

Sei Investments Co. grew its position in shares of ePlus inc. (NASDAQ:PLUS) by 180.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,448 shares of the software maker’s stock after acquiring an additional 31,847 shares during the quarter. Sei Investments Co. owned 0.19% of ePlus worth $3,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLUS. ProShare Advisors LLC raised its holdings in shares of ePlus by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after purchasing an additional 159 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ePlus by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock worth $662,000 after purchasing an additional 233 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in ePlus by 6.9% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock worth $338,000 after purchasing an additional 250 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in ePlus by 0.8% during the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker’s stock worth $2,303,000 after purchasing an additional 266 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in ePlus by 2.0% in the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker’s stock valued at $1,066,000 after purchasing an additional 276 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

Insider Activity

In related news, CFO Elaine D. Marion sold 5,514 shares of ePlus stock in a transaction dated Tuesday, August 4th. The stock was 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 owned 84,259 shares in the company, valued at approximately $8,123,410.19. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Darren S. Raiguel sold 1,935 shares of the business’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 transaction, 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 SEC filing for this sale provides additional information. Insiders sold a total of 13,200 shares of company stock valued at $1,256,203 over the last quarter. 2.20% of the stock is currently owned by company insiders.

ePlus Trading Down 4.5%

Shares of PLUS opened at $90.35 on Friday. The company’s fifty day simple moving average is $85.47 and its 200 day simple moving average is $83.37. ePlus inc. has a 1-year low of $62.42 and a 1-year high of $98.14. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The firm had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. As a group, research analysts forecast that ePlus inc. will post 4.66 earnings per share for the current year.

ePlus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is 23.63%.

Analyst Ratings Changes

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