Wedge Capital Management L L P NC Grows Stock Holdings in ePlus inc. $PLUS

Wedge Capital Management L L P NC grew its position in ePlus inc. (NASDAQ:PLUS) by 24.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,440 shares of the software maker’s stock after buying an additional 6,057 shares during the period. Wedge Capital Management L L P NC owned 0.11% of ePlus worth $2,162,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PLUS. Osaic Holdings Inc. lifted its position in ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares during the last quarter. Quaker Wealth Management LLC increased 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 shares of ePlus by 33.6% during the 1st quarter. Quarry LP now owns 632 shares of the software maker’s stock valued at $39,000 after purchasing an additional 159 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of ePlus during the 2nd quarter valued at $67,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of ePlus by 19.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the software maker’s stock worth $92,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

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

ePlus Stock Up 0.8%

Shares of NASDAQ PLUS opened at $89.21 on Wednesday. The business’s 50 day moving average price is $84.04 and its 200 day moving average price is $75.58. The firm has a market cap of $2.36 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.16 and a beta of 1.01. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $93.98.

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

ePlus Dividend Announcement

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

Insider Activity at ePlus

In related news, Director John E. Callies sold 560 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $90.03, for a total transaction of $50,416.80. Following the sale, the director directly owned 21,428 shares of the company’s stock, valued at $1,929,162.84. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.93% of the stock is owned by insiders.

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.