Seizert Capital Partners LLC Acquires 1,047 Shares of ePlus inc. $PLUS

Seizert Capital Partners LLC grew its stake in ePlus inc. (NASDAQ:PLUS) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,845 shares of the software maker’s stock after purchasing an additional 1,047 shares during the quarter. Seizert Capital Partners LLC owned about 0.18% of ePlus worth $3,378,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Quaker Wealth Management LLC boosted its position in shares of ePlus by 200.0% during 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 lifted its holdings in ePlus by 33.6% during the first quarter. Quarry LP now owns 632 shares of the software maker’s stock worth $39,000 after acquiring an additional 159 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in ePlus by 19.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock valued at $92,000 after acquiring an additional 210 shares during the period. Advisors Asset Management Inc. increased its holdings 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 worth $92,000 after acquiring an additional 382 shares in the last quarter. Finally, CWM LLC raised its position in shares of ePlus by 302.9% during the second quarter. CWM LLC now owns 2,788 shares of the software maker’s stock worth $201,000 after purchasing an additional 2,096 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

PLUS stock opened at $88.25 on Wednesday. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $92.66. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.18 and a beta of 1.14. The business’s fifty day moving average price is $75.53 and its two-hundred day moving average price is $71.63.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $1.53 EPS for the quarter, beating the consensus estimate of $0.95 by $0.58. ePlus had a net margin of 5.47% and a return on equity of 11.03%. The business had revenue of $608.83 million for the quarter, compared to the consensus estimate of $518.30 million. Research analysts expect that ePlus inc. will post 3.78 EPS for the current year.

ePlus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. ePlus’s dividend payout ratio (DPR) is currently 21.69%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLUS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Wednesday, October 8th. Wall Street Zen raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Sunday, September 21st. Finally, Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average 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.