ePlus inc. (NASDAQ:PLUS) Plans Quarterly Dividend of $0.25

Key Points

• ePlus inc. has announced a quarterly dividend of $0.25 per share, payable on September 17th to shareholders of record on August 26th, reflecting a 1.6% yield annually.
• The company reported $1.03 EPS for the last quarter, missing estimates of $1.11, with a net margin of 5.22%.
• ePlus has a market capitalization of $1.68 billion and a price-to-earnings ratio of 15.63.

ePlus inc. (NASDAQ:PLUS - Get Free Report) declared a quarterly dividend on Thursday, August 7th, RTT News reports. Shareholders of record on Tuesday, August 26th will be paid a dividend of 0.25 per share by the software maker on Wednesday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 26th.

ePlus Price Performance

Shares of NASDAQ:PLUS traded up $0.20 during trading on Monday, reaching $69.46. 36,183 shares of the company were exchanged, compared to its average volume of 204,998. The firm has a market capitalization of $1.85 billion, a PE ratio of 15.57, a P/E/G ratio of 1.78 and a beta of 1.14. The business's fifty day simple moving average is $69.64 and its 200-day simple moving average is $67.07. ePlus has a 12-month low of $53.83 and a 12-month high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. ePlus had a net margin of 5.47% and a return on equity of 11.03%. On average, sell-side analysts anticipate that ePlus will post 3.78 EPS for the current fiscal year.

Hedge Funds Weigh In On ePlus

Large investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in ePlus by 20.0% during the 4th quarter. LPL Financial LLC now owns 32,684 shares of the software maker's stock worth $2,584,000 after purchasing an additional 5,443 shares during the period. JPMorgan Chase & Co. increased its stake in ePlus by 126.6% in the fourth quarter. JPMorgan Chase & Co. now owns 124,251 shares of the software maker's stock valued at $9,180,000 after purchasing an additional 69,410 shares during the period. Norges Bank acquired a new position in ePlus in the fourth quarter valued at $288,000. Envestnet Asset Management Inc. increased its stake in ePlus by 85.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 90,616 shares of the software maker's stock valued at $6,695,000 after purchasing an additional 41,710 shares during the period. Finally, Bank of Montreal Can increased its stake in ePlus by 45.5% in the fourth quarter. Bank of Montreal Can now owns 4,926 shares of the software maker's stock valued at $364,000 after purchasing an additional 1,541 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

About ePlus

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.