ePlus inc. $PLUS Shares Acquired by Swedbank AB

Swedbank AB raised its position in shares of ePlus inc. (NASDAQ:PLUS) by 38.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,000 shares of the software maker’s stock after acquiring an additional 125,000 shares during the quarter. Swedbank AB’s holdings in ePlus were worth $32,445,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLUS. Quarry LP grew its position in shares of ePlus by 33.6% in the first quarter. Quarry LP now owns 632 shares of the software maker’s stock valued at $39,000 after purchasing an additional 159 shares in the last quarter. Versant Capital Management Inc grew its position in shares of ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker’s stock valued at $43,000 after purchasing an additional 563 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker’s stock valued at $62,000 after purchasing an additional 882 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of ePlus by 34.1% in the first quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker’s stock valued at $92,000 after purchasing an additional 382 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of ePlus by 628.3% in the first 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 and hedge funds own 93.80% of the company’s stock.

ePlus Stock Performance

Shares of ePlus stock opened at $74.08 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.24 and a beta of 1.17. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The stock has a 50 day moving average of $70.23 and a 200 day moving average of $67.33.

ePlus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, August 26th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 26th. ePlus’s dividend payout ratio is presently 22.42%.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of analyst reports. Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.