Medina Value Partners LLC Raises Stock Holdings in ePlus inc. $PLUS

Medina Value Partners LLC increased its position in ePlus inc. (NASDAQ:PLUS) by 410.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,285 shares of the software maker’s stock after acquiring an additional 157,843 shares during the period. ePlus makes up about 4.0% of Medina Value Partners LLC’s portfolio, making the stock its 13th biggest holding. Medina Value Partners LLC owned about 0.74% of ePlus worth $17,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after acquiring an additional 351 shares during the last quarter. GAMMA Investing LLC raised its stake in ePlus by 30.8% in the 4th quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after acquiring an additional 213 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in ePlus in the 4th quarter worth $108,000. US Bancorp DE raised its stake in ePlus by 856.4% in the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ePlus in the 4th quarter worth $138,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Zacks Research lowered ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus presently has an average rating of “Hold”.

ePlus Stock Performance

Shares of PLUS opened at $83.19 on Monday. The business’s 50-day moving average is $83.61 and its two-hundred day moving average is $84.10. The company has a market capitalization of $2.18 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.11 and a beta of 1.01. ePlus inc. has a fifty-two week low of $62.11 and a fifty-two week high of $93.98.

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

ePlus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.08 annualized dividend and a yield of 1.3%. This is an increase from ePlus’s previous quarterly dividend of $0.25. ePlus’s payout ratio is 20.66%.

Insiders Place Their Bets

In other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $89.95, for a total transaction of $89,950.00. Following the sale, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,289 shares of company stock worth $115,757. 1.93% of the stock is currently owned by company 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.