ePlus inc. (NASDAQ:PLUS) Raises Dividend to $0.27 Per Share

ePlus inc. (NASDAQ:PLUS) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.27 per share by the software maker on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, June 17th. This is a 8.0% increase from ePlus’s previous quarterly dividend of $0.25.

ePlus Stock Down 0.6%

Shares of PLUS opened at $88.65 on Friday. The company’s fifty day moving average is $82.06 and its 200-day moving average is $84.65. ePlus has a 12 month low of $62.11 and a 12 month high of $93.98. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Thursday, May 28th. The software maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. ePlus had a net margin of 5.63% and a return on equity of 12.06%. The company had revenue of $581.63 million for the quarter, compared to analyst estimates of $569.25 million. As a group, research analysts predict that ePlus will post 4.74 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Darren S. Raiguel sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the sale, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 1,289 shares of company stock worth $115,757. 1.93% of the stock is currently owned by corporate insiders.

Institutional Trading of ePlus

Several large investors have recently modified their holdings of PLUS. First Trust Advisors LP boosted its holdings in shares of ePlus by 118.2% during the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after buying an additional 313,674 shares during the period. Neumeier Poma Investment Counsel LLC bought a new stake in ePlus in the 4th quarter valued at $24,681,000. Bragg Financial Advisors Inc boosted its holdings in ePlus by 787.7% in the 4th quarter. Bragg Financial Advisors Inc now owns 181,922 shares of the software maker’s stock valued at $15,955,000 after purchasing an additional 161,428 shares during the period. Medina Value Partners LLC boosted its holdings in ePlus by 410.6% in the 4th quarter. Medina Value Partners LLC now owns 196,285 shares of the software maker’s stock valued at $17,214,000 after purchasing an additional 157,843 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in ePlus by 177.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 237,668 shares of the software maker’s stock valued at $16,877,000 after purchasing an additional 152,128 shares during the period. 93.80% of the stock is 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.