WCM Investment Management LLC Has $31.72 Million Holdings in ePlus inc. $PLUS

Key Points

• WCM Investment Management LLC increased its stake in ePlus by 6.6% during the second quarter, now owning 433,226 shares valued at approximately $31.72 million.
• Several institutional investors have also significantly increased their holdings in ePlus, with CWM LLC raising its stake by 302.9% during the same period.
• ePlus recently declared a quarterly dividend of $0.25 per share, with a dividend yield of 1.4% and a payout ratio of 22.42%.

WCM Investment Management LLC increased its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,226 shares of the software maker's stock after buying an additional 26,777 shares during the quarter. WCM Investment Management LLC owned 1.63% of ePlus worth $31,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in ePlus by 28.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 77,940 shares of the software maker's stock valued at $5,569,000 after purchasing an additional 17,151 shares during the last quarter. CWM LLC grew its stake in shares of ePlus by 302.9% during the second quarter. CWM LLC now owns 2,788 shares of the software maker's stock worth $201,000 after purchasing an additional 2,096 shares during the period. Inspire Investing LLC raised its holdings in ePlus by 188.9% in the second quarter. Inspire Investing LLC now owns 18,795 shares of the software maker's stock worth $1,355,000 after purchasing an additional 12,290 shares during the period. Polaris Capital Management LLC grew its stake in ePlus by 10.9% in the second quarter. Polaris Capital Management LLC now owns 30,600 shares of the software maker's stock valued at $2,206,000 after acquiring an additional 3,000 shares during the period. Finally, Campbell Newman Asset Management Inc. grew its stake in ePlus by 7.1% in the second quarter. Campbell Newman Asset Management Inc. now owns 34,068 shares of the software maker's stock valued at $2,456,000 after acquiring an additional 2,259 shares during the period. Institutional investors own 93.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLUS. Wall Street Zen raised ePlus from a "hold" rating to a "buy" rating in a research note on Sunday, September 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of ePlus in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded ePlus from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

ePlus Trading Up 0.9%

Shares of NASDAQ PLUS opened at $73.33 on Thursday. The firm has a market cap of $1.95 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.19 and a beta of 1.15. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $106.98. The business's 50 day moving average is $72.20 and its 200-day moving average is $68.30.

ePlus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Tuesday, August 26th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. ePlus's dividend payout ratio is currently 22.42%.

About ePlus

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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