Deutsche Bank AG Makes New $2.41 Million Investment in ePlus inc. $PLUS

Deutsche Bank AG purchased a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,009 shares of the software maker's stock, valued at approximately $2,414,000. Deutsche Bank AG owned about 0.11% of ePlus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in shares of ePlus by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker's stock valued at $450,000 after acquiring an additional 159 shares during the last quarter. Inceptionr LLC boosted its stake in ePlus by 5.9% during the 1st quarter. Inceptionr LLC now owns 3,419 shares of the software maker's stock worth $257,000 after acquiring an additional 190 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in ePlus by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker's stock valued at $662,000 after purchasing an additional 233 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in ePlus by 6.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker's stock valued at $338,000 after purchasing an additional 250 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in ePlus by 0.8% in the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker's stock valued at $2,303,000 after purchasing an additional 266 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

Insider Transactions at ePlus

In related news, CFO Elaine D. Marion sold 5,514 shares of ePlus stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total transaction of $531,604.74. Following the completion of the sale, the chief financial officer owned 84,259 shares of the company's stock, valued at approximately $8,123,410.19. The trade was a 6.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Darren S. Raiguel sold 1,000 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $90.83, for a total value of $90,830.00. Following the completion of the sale, the chief operating officer owned 68,036 shares of the company's stock, valued at $6,179,709.88. This trade represents a 1.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,700 shares of company stock worth $1,301,128. 2.20% of the stock is owned by insiders.

ePlus Trading Up 1.7%

NASDAQ:PLUS opened at $87.66 on Friday. ePlus inc. has a 1-year low of $69.07 and a 1-year high of $98.14. The firm has a fifty day simple moving average of $87.04 and a 200 day simple moving average of $83.50. The stock has a market capitalization of $2.29 billion, a PE ratio of 19.18, a P/E/G ratio of 1.11 and a beta of 1.00.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.09. The company had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. On average, equities analysts predict that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus's dividend payout ratio is 23.63%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLUS. Zacks Research raised shares of ePlus from a "strong sell" rating to a "hold" rating in a report on Friday, July 31st. Weiss Ratings reiterated a "hold (c+)" rating on shares of ePlus in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus currently has an average rating of "Hold".

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.

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