Eplus
PLUS on Nasdaq. Eplus sells computers, software and technology services to businesses and government agencies. Market value $2.4bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to March 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-4.97 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 62 of 100. Price score: 44 of 100. Our list needs 70 on quality and 60 on price.
$93.02 a share, 34% above its 1-year low
Over the past year the price has ranged from $69.25 to $98.14.
Dividend: 0.8% a year
Paid in its latest year
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.8bn | $2.1bn | $2.2bn | $2.0bn | $2.4bn |
| Operating margin | |||||
| Operating margin | 8.1% | 8.0% | 6.1% | 5.0% | 6.8% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | 0.04 | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.03bn | 0.03bn | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positive2 of 3 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsSlow, 9.3% a year
- Buying back its own sharesYes, 3% fewer since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $649 million last quarter, up 1% on a year ago.
- Profit: $30 million, down 29% on a year ago.
- It keeps 7 cents of each $1 of sales as operating profit, up from 5 cents a year earlier.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $493m |
| December 2024 | $493m |
| March 2025 | $478m |
| June 2025 | $643m |
| September 2025 | $609m |
| December 2025 | $615m |
| March 2026 | $582m |
| June 2026 | $649m |
| Quarter to | Amount |
|---|---|
| September 2024 | $31m |
| December 2024 | $24m |
| March 2025 | Not reported |
| June 2025 | $43m |
| September 2025 | $35m |
| December 2025 | $35m |
| March 2026 | Not reported |
| June 2026 | $30m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 28 May 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
5 long-term investors we follow own it, up from 4 last quarter. 289 funds in all.
- Hotchkis & WileyHotchkis & Wiley team
- Value
- $14m
- Share of fund
- <0.1%
- Polaris Capital ManagementBernard Horn
- Value
- $2m
- Share of fund
- 0.2%
- LSV Asset ManagementJosef Lakonishok
- Value
- $549,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $21m | <0.1% | New |
| Hotchkis & WileyHotchkis & Wiley team | $14m | <0.1% | |
| Royce & AssociatesChuck Royce | $11m | <0.1% | Added |
| Polaris Capital ManagementBernard Horn | $2m | 0.2% | |
| LSV Asset ManagementJosef Lakonishok | $549,000 | <0.1% |
Largest holders overall
- BlackRock$338m
- River Road Asset Management$132mCut
- Dimensional Fund Advisors LP$114mAdded
- Vanguard Capital Management$97m
- Vanguard Portfolio Management$95mAdded
- State Street$89mAdded
- First Trust Advisors LP$77mAdded
- AltraVue Capital$76m
- FMR$66mAdded
- American Century Companies$63mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor14.9%Since 30 June 2025
- Dimensional Fund Advisors LPPassive investor5.2%+0.2 ptsSince 30 June 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- River Road Asset Management, LLCPassive investorSold down below 5%Since 31 July 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 14.9% | 30 June 2025 | |
Dimensional Fund Advisors LP Passive investor | 5.2%+0.2 pts | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
River Road Asset Management, LLC Passive investor | Sold down below 5% | 31 July 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $2m, $2m of it under preset trading plans.
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 6
- Price
- $93.01
- Value
- $558
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 22 September 2026
- Shares
- 1
- Price
- $93.44
- Value
- $93
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 16 September 2026
- Shares
- 139
- Price
- $93.38
- Value
- $12,979
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 15 September 2026
- Shares
- 470
- Price
- $93.11
- Value
- $43,764
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 384
- Price
- $93.18
- Value
- $35,779
- Callies John EDirectorSold
- Date
- 14 August 2026
- Shares
- 500
- Price
- $88.09
- Value
- $44,043
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 10 August 2026
- Shares
- 1,000
- Price
- $90.83
- Value
- $90,827
- RAIGUEL DARREN SCHIEF OPERATING OFFICERSoldunder a preset trading plan
- Date
- 4 August 2026
- Shares
- 200
- Price
- $98.00
- Value
- $19,600
- Marion Elaine DCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 4 August 2026
- Shares
- 5,514
- Price
- $96.41
- Value
- $531,627
- Marion Elaine DCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 1,668
- Price
- $95.12
- Value
- $158,659
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 6 | $93.01 | $558 |
| 22 September 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 1 | $93.44 | $93 |
| 16 September 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 139 | $93.38 | $12,979 |
| 15 September 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 470 | $93.11 | $43,764 |
| 14 September 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 384 | $93.18 | $35,779 |
| 14 August 2026 | Callies John E Director | Sold | 500 | $88.09 | $44,043 |
| 10 August 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 1,000 | $90.83 | $90,827 |
| 4 August 2026 | RAIGUEL DARREN S CHIEF OPERATING OFFICER | Sold under a preset trading plan | 200 | $98.00 | $19,600 |
| 4 August 2026 | Marion Elaine D CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 5,514 | $96.41 | $531,627 |
| 3 August 2026 | Marion Elaine D CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 1,668 | $95.12 | $158,659 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 28 May 2026, plus the 10-Q filed 4 Aug 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Profits run ahead of cash.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.