Neumeier Poma Investment Counsel LLC Takes $24.68 Million Position in ePlus inc. $PLUS

Neumeier Poma Investment Counsel LLC acquired a new stake in ePlus inc. (NASDAQ:PLUS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 281,430 shares of the software maker’s stock, valued at approximately $24,681,000. ePlus makes up about 2.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 25th biggest position. Neumeier Poma Investment Counsel LLC owned 1.07% of ePlus as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of PLUS. Osaic Holdings Inc. grew its stake in shares of ePlus by 361.9% in the second 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. GAMMA Investing LLC grew its stake in shares of ePlus by 30.8% in the fourth quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after buying an additional 213 shares in the last quarter. US Bancorp DE grew its stake in shares of ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after buying an additional 1,550 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of ePlus in the third quarter valued at $154,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of ePlus in the third quarter valued at $158,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ePlus Price Performance

PLUS opened at $80.90 on Friday. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.99 and a beta of 1.01. The business has a fifty day moving average price of $82.71 and a 200 day moving average price of $84.36.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, May 28th. The software maker reported $1.00 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 firm had revenue of $581.63 million during the quarter, compared to analysts’ expectations of $569.25 million. On average, research analysts anticipate that ePlus inc. will post 5.1 earnings per share for the current year.

ePlus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend 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 Buying and Selling

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

About ePlus

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.