Neumeier Poma Investment Counsel LLC Makes New $24.68 Million Investment in ePlus inc. $PLUS

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

A number of other institutional investors also recently bought and sold shares of PLUS. Amundi lifted its holdings in ePlus by 333.0% during the 1st quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after buying an additional 4,123 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of ePlus by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock valued at $2,784,000 after purchasing an additional 7,742 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ePlus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock valued at $956,000 after purchasing an additional 687 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of ePlus by 103.1% in the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock valued at $13,817,000 after purchasing an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of ePlus by 628.3% in the 1st quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,645 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

ePlus Trading Up 0.6%

NASDAQ PLUS opened at $80.90 on Friday. The business’s 50 day moving average is $82.71 and its two-hundred day moving average is $84.36. 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.

ePlus (NASDAQ:PLUS) last released its earnings results 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. Equities analysts forecast that ePlus inc. will post 5.1 earnings per share for the current fiscal year.

ePlus Increases Dividend

The firm also recently announced 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. 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 other ePlus news, COO Darren S. Raiguel sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer 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 document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 1,289 shares of company stock worth $115,757. Insiders own 1.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLUS. Weiss Ratings downgraded ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Zacks Research cut ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen cut ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus 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.