ePlus inc. (PLUS) to Issue Quarterly Dividend of $0.27 on September 16th

ePlus inc. (NASDAQ:PLUS) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.27 per share by the software maker on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, August 25th.

ePlus Stock Down 2.6%

Shares of NASDAQ PLUS opened at $94.56 on Thursday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00. ePlus has a 52 week low of $62.42 and a 52 week high of $98.14. The firm has a 50-day moving average price of $85.43 and a 200 day moving average price of $83.35.

ePlus (NASDAQ:PLUS) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.54%. The company had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. Equities research analysts expect that ePlus will post 4.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other ePlus news, COO Darren S. Raiguel sold 1,935 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $94.06, for a total transaction of $182,006.10. Following the transaction, the chief operating officer directly owned 69,236 shares in the company, valued at $6,512,338.16. This represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elaine D. Marion sold 5,514 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total value of $531,604.74. Following the sale, the chief financial officer directly owned 84,259 shares in the company, valued at approximately $8,123,410.19. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,284 shares of company stock valued at $1,261,970. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ePlus

Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in ePlus by 118.2% during the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after purchasing an additional 313,674 shares during the period. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of ePlus in the fourth quarter valued at approximately $24,681,000. Bragg Financial Advisors Inc raised its holdings in shares of ePlus by 787.7% during the fourth quarter. Bragg Financial Advisors Inc now owns 181,922 shares of the software maker’s stock valued at $15,955,000 after buying an additional 161,428 shares during the last quarter. Medina Value Partners LLC raised its holdings in shares of ePlus by 410.6% during the fourth quarter. Medina Value Partners LLC now owns 196,285 shares of the software maker’s stock valued at $17,214,000 after buying an additional 157,843 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of ePlus by 153.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 210,806 shares of the software maker’s stock worth $18,488,000 after buying an additional 127,702 shares during the period. 93.80% of the stock is currently owned by institutional investors.

About ePlus

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.