Pacer Advisors Inc. Has $4.44 Million Holdings in ePlus inc. $PLUS

Pacer Advisors Inc. decreased its position in shares of ePlus inc. (NASDAQ:PLUS) by 74.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,476 shares of the software maker’s stock after selling 178,783 shares during the period. Pacer Advisors Inc. owned about 0.23% of ePlus worth $4,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in ePlus by 47.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock worth $31,000 after acquiring an additional 142 shares during the last quarter. Osaic Holdings Inc. boosted its stake in ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after purchasing an additional 351 shares in the last quarter. Quaker Wealth Management LLC boosted its stake in ePlus by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after purchasing an additional 1,050 shares in the last quarter. Quarry LP grew its holdings in shares of ePlus by 33.6% during the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after purchasing an additional 159 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of ePlus in the second quarter valued at $67,000. Institutional investors own 93.80% of the company’s stock.

ePlus Trading Down 0.5%

ePlus stock opened at $89.55 on Tuesday. The company has a market cap of $2.37 billion, a PE ratio of 19.43, a PEG ratio of 1.18 and a beta of 1.01. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $93.98. The company’s 50-day moving average is $85.44 and its two-hundred day moving average is $76.08.

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

ePlus Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of ePlus from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Insider Activity at ePlus

In related news, Director John E. Callies sold 560 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $90.03, for a total value of $50,416.80. Following the completion of the sale, the director owned 21,428 shares in the company, valued at approximately $1,929,162.84. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.93% of the stock is currently owned by company insiders.

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.