Pacer Advisors Inc. Sells 178,783 Shares of ePlus inc. $PLUS

Pacer Advisors Inc. lowered its position in shares of ePlus inc. (NASDAQ:PLUS) by 74.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,476 shares of the software maker’s stock after selling 178,783 shares during the quarter. Pacer Advisors Inc.’s holdings in ePlus were worth $4,436,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in ePlus by 47.8% in the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock worth $31,000 after purchasing an additional 142 shares during the period. Osaic Holdings Inc. increased its position in shares of ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares in the last quarter. Quaker Wealth Management LLC raised its stake in ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after buying an additional 1,050 shares during the period. 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. Finally, Elevation Point Wealth Partners LLC bought a new position in ePlus during the second quarter worth about $67,000. Institutional investors own 93.80% of the company’s stock.

ePlus Stock Performance

NASDAQ PLUS opened at $89.55 on Tuesday. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $93.98. The stock’s 50 day moving average price is $85.44 and its two-hundred day moving average price is $76.08. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.18 and a beta of 1.01.

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

ePlus Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director John E. Callies sold 560 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $90.03, for a total transaction of $50,416.80. Following the completion of the transaction, the director directly owned 21,428 shares in the company, valued at $1,929,162.84. This represents a 2.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.93% of the stock is 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.