ePlus inc. (NASDAQ:PLUS) Announces Quarterly Dividend of $0.27

ePlus inc. (NASDAQ:PLUS) announced a quarterly dividend on Thursday, May 28th. Shareholders 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) dividend on an annualized basis and a 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 Price Performance

Shares of ePlus stock opened at $88.65 on Friday. ePlus has a fifty-two week low of $62.11 and a fifty-two week high of $93.98. The firm has a fifty day moving average price of $82.06 and a two-hundred day moving average price of $84.65. The company has a market cap of $2.34 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. ePlus had a net margin of 5.63% and a return on equity of 12.06%. The firm had revenue of $581.63 million during the quarter, compared to the consensus estimate of $569.25 million. Analysts expect that ePlus will post 4.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of research reports. Zacks Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

ePlus Company Profile

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.