EntryPoint Capital LLC Grows Stock Position in ePlus inc. $PLUS

Key Points

• EntryPoint Capital LLC increased its stake in ePlus inc. by 88.3%, acquiring an additional 4,421 shares in the first quarter, resulting in a total of 9,426 shares valued at approximately $575,000.
• ePlus reported quarterly earnings of $0.95 per share, exceeding estimates, although revenue of $498.11 million fell short of expectations of $523.85 million.
• The company declared a quarterly dividend of $0.25 per share, which will be paid on September 17, representing an annualized yield of 1.4%.

EntryPoint Capital LLC lifted its holdings in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 88.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,426 shares of the software maker's stock after buying an additional 4,421 shares during the period. EntryPoint Capital LLC's holdings in ePlus were worth $575,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in ePlus by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,448,514 shares of the software maker's stock worth $149,433,000 after acquiring an additional 11,051 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of ePlus during the fourth quarter worth approximately $127,898,000. American Century Companies Inc. raised its stake in shares of ePlus by 9.5% during the first quarter. American Century Companies Inc. now owns 865,318 shares of the software maker's stock worth $52,810,000 after purchasing an additional 74,986 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of ePlus by 2.5% during the first quarter. Northern Trust Corp now owns 509,020 shares of the software maker's stock worth $31,065,000 after purchasing an additional 12,372 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in ePlus by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker's stock valued at $16,751,000 after buying an additional 38,317 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Stock Performance

ePlus stock traded down $1.41 during midday trading on Monday, reaching $72.25. The company's stock had a trading volume of 37,429 shares, compared to its average volume of 204,292. The firm has a market capitalization of $1.92 billion, a PE ratio of 16.20, a P/E/G ratio of 2.22 and a beta of 1.14. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $106.98. The stock's 50 day simple moving average is $69.84 and its 200 day simple moving average is $66.61.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. ePlus had a net margin of 5.47% and a return on equity of 11.03%. The firm had revenue of $498.11 million for the quarter, compared to the consensus estimate of $523.85 million. Equities analysts predict that ePlus inc. will post 3.78 earnings per share for the current year.

ePlus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, August 26th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Friday, June 27th.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.