ePlus inc. (PLUS) to Issue Quarterly Dividend of $0.25 on March 18th

ePlus inc. (NASDAQ:PLUS) declared a quarterly dividend on Wednesday, February 4th, NASDAQ Dividends reports. Shareholders of record on Tuesday, February 24th will be paid a dividend of 0.25 per share by the software maker on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, February 24th.

ePlus Price Performance

Shares of ePlus stock opened at $81.95 on Friday. ePlus has a 1-year low of $53.83 and a 1-year high of $93.98. The business has a 50-day moving average of $86.90 and a 200-day moving average of $80.54. The company has a market capitalization of $2.16 billion, a PE ratio of 16.29, a P/E/G ratio of 1.05 and a beta of 1.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.44. The company had revenue of $614.77 million during the quarter, compared to analyst estimates of $529.60 million. ePlus had a net margin of 5.63% and a return on equity of 12.06%. On average, equities analysts expect that ePlus will post 3.78 earnings per share for the current fiscal year.

Insider Activity at ePlus

In other ePlus news, Director John E. Callies sold 560 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $90.03, for a total transaction of $50,416.80. Following the sale, the director owned 21,428 shares in the company, valued at approximately $1,929,162.84. The trade was a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darren S. Raiguel sold 400 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $88.05, for a total transaction of $35,220.00. Following the completion of the transaction, the chief operating officer owned 57,348 shares of the company’s stock, valued at approximately $5,049,491.40. The trade was a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,271 shares of company stock worth $113,219 in the last ninety days. Corporate insiders own 1.93% of the company’s stock.

Institutional Trading of ePlus

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of ePlus by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock worth $215,147,000 after purchasing an additional 8,146 shares in the last quarter. River Road Asset Management LLC increased its stake in ePlus by 17.2% in the 2nd quarter. River Road Asset Management LLC now owns 1,624,923 shares of the software maker’s stock valued at $117,157,000 after buying an additional 238,070 shares during the period. State Street Corp lifted its position in ePlus by 0.9% in the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock worth $73,474,000 after buying an additional 8,956 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of ePlus by 8.4% during the 3rd quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker’s stock valued at $71,439,000 after buying an additional 78,160 shares during the period. Finally, AltraVue Capital LLC grew its holdings in shares of ePlus by 0.7% during the 3rd quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker’s stock valued at $71,215,000 after acquiring an additional 7,460 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.

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.