ePlus inc. (PLUS) To Go Ex-Dividend on June 17th

ePlus inc. (NASDAQ:PLUS) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Wednesday, June 17th will be given 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 1.3%. 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 Performance

PLUS stock opened at $82.09 on Friday. The firm has a market cap of $2.17 billion, a PE ratio of 16.96, a PEG ratio of 0.97 and a beta of 1.04. The firm’s 50 day moving average price is $82.21 and its 200-day moving average price is $84.63. ePlus has a one year low of $62.11 and a one year high of $93.98.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, May 28th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $581.63 million for the quarter, compared to analyst estimates of $569.25 million. ePlus had a net margin of 5.24% and a return on equity of 11.43%. Equities research analysts predict that ePlus will post 5.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Darren S. Raiguel sold 1,000 shares of ePlus stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the sale, the chief operating officer owned 55,748 shares in the company, valued at approximately $5,014,532.60. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 1,289 shares of company stock valued at $115,757. 1.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ePlus

Several institutional investors have recently modified their holdings of the business. Medina Value Partners LLC acquired a new position in shares of ePlus during the third quarter worth $2,730,000. Elo Mutual Pension Insurance Co acquired a new position in shares of ePlus during the third quarter worth $1,161,000. Public Sector Pension Investment Board grew its stake in shares of ePlus by 14.8% during the third quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock worth $7,306,000 after purchasing an additional 13,225 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of ePlus by 9.0% during the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after purchasing an additional 13,369 shares in the last quarter. Finally, Andra AP fonden grew its stake in shares of ePlus by 285.4% during the third quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock worth $1,259,000 after purchasing an additional 13,130 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.