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

ePlus inc. (NASDAQ:PLUS) announced a quarterly dividend on Tuesday, August 4th. Investors 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 of this dividend is Tuesday, August 25th.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $97.05 on Wednesday. The firm’s 50 day simple moving average is $85.32 and its 200 day simple moving average is $83.30. ePlus has a fifty-two week low of $62.42 and a fifty-two week high of $98.14. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.25 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data 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 5.24% and a return on equity of 11.36%. The firm 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 earnings per share for the current year.

Insider Buying and Selling

In other 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 completion of the sale, the chief operating officer owned 69,236 shares of the company’s stock, valued at $6,512,338.16. This represents a 2.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elaine D. Marion sold 2,818 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $95.22, for a total transaction of $268,329.96. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,102 shares of company stock valued at $571,705. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. raised its position in ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in ePlus during the 4th quarter worth approximately $108,000. US Bancorp DE grew its stake in shares of ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,550 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ePlus during the 4th quarter worth approximately $138,000. Finally, Focus Partners Wealth acquired a new stake in shares of ePlus in the third quarter valued at approximately $154,000. 93.80% of the stock is owned by institutional investors and hedge funds.

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.