ePlus inc. $PLUS Shares Purchased by Medina Value Partners LLC

Medina Value Partners LLC increased its holdings in shares of ePlus inc. (NASDAQ:PLUS) by 410.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 196,285 shares of the software maker’s stock after buying an additional 157,843 shares during the period. ePlus comprises approximately 4.0% of Medina Value Partners LLC’s holdings, making the stock its 13th biggest position. Medina Value Partners LLC’s holdings in ePlus were worth $17,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of PLUS. Osaic Holdings Inc. grew its position in shares of ePlus by 361.9% during the 2nd 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 period. GAMMA Investing LLC grew its position in shares of ePlus by 30.8% during the 4th quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after acquiring an additional 213 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of ePlus during the 4th quarter valued at about $108,000. US Bancorp DE grew its position in shares of ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after acquiring an additional 1,550 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ePlus during the 4th quarter valued at about $138,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

ePlus Stock Performance

PLUS stock opened at $83.19 on Monday. ePlus inc. has a 12-month low of $62.11 and a 12-month high of $93.98. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.11 and a beta of 1.01. The business’s 50-day moving average is $83.61 and its 200 day moving average is $84.10.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. ePlus had a return on equity of 11.36% and a net margin of 5.24%.The company had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $569.25 million. As a group, equities analysts forecast that ePlus inc. will post 4.66 EPS for the current fiscal year.

ePlus Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, June 17th. This is a positive change from ePlus’s previous quarterly dividend of $0.25. ePlus’s payout ratio is presently 20.66%.

Insider Transactions at ePlus

In related news, COO Darren S. Raiguel sold 1,000 shares of ePlus stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $89.95, for a total value of $89,950.00. Following the sale, the chief operating officer directly owned 55,748 shares in the company, valued at approximately $5,014,532.60. The trade was a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 1,289 shares of company stock valued at $115,757. Insiders own 1.93% of the company’s stock.

Analyst Ratings Changes

PLUS has been the topic of a number of analyst reports. Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research cut ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings cut ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

ePlus Company 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.