Goldman Sachs Group Inc. Has $5.44 Million Stake in ePlus inc. $PLUS

Key Points

• Goldman Sachs Group Inc. reduced its stake in ePlus Inc. by 32.3%, owning 89,124 shares valued at approximately $5.44 million as of the latest SEC filing.
• Multiple hedge funds increased their positions in ePlus during the first quarter, with Versant Capital Management Inc. growing its stake by an impressive 377.9%.
• ePlus declared a quarterly dividend of $0.25 to be paid on September 17th, representing a 1.3% yield based on an annualized basis.

Goldman Sachs Group Inc. trimmed its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 32.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,124 shares of the software maker's stock after selling 42,540 shares during the period. Goldman Sachs Group Inc. owned about 0.34% of ePlus worth $5,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP increased its stake in ePlus by 33.6% in the 1st quarter. Quarry LP now owns 632 shares of the software maker's stock valued at $39,000 after buying an additional 159 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in ePlus by 1.6% in the 1st quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker's stock valued at $993,000 after buying an additional 260 shares during the last quarter. Vista Finance LLC grew its position in shares of ePlus by 7.8% in the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker's stock valued at $281,000 after acquiring an additional 333 shares during the period. Advisors Asset Management Inc. grew its position in shares of ePlus by 34.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,503 shares of the software maker's stock valued at $92,000 after acquiring an additional 382 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of ePlus by 377.9% in the 1st quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after acquiring an additional 563 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PLUS shares. Wall Street Zen downgraded shares of ePlus from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research raised shares of ePlus from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus has a consensus rating of "Hold".

ePlus Stock Performance

Shares of PLUS opened at $74.63 on Tuesday. ePlus inc. has a 52 week low of $53.83 and a 52 week high of $106.98. The firm has a market cap of $1.99 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.17. The firm's 50-day simple moving average is $69.91 and its 200 day simple moving average is $67.05.

ePlus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Tuesday, August 26th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. ePlus's dividend payout ratio is 22.42%.

ePlus 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.

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