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American Century Companies Inc. Has $52.81 Million Stock Position in ePlus inc. $PLUS

ePlus logo with Computer and Technology background

Key Points

  • American Century Companies Inc. increased its stake in ePlus inc. by 9.5% during the first quarter, holding approximately 3.25% of the company, valued at around $52.8 million.
  • ePlus reported earnings per share of $0.95 for the last quarter, exceeding analyst expectations of $0.87, despite revenue falling short at $498.11 million compared to forecasts of $523.85 million.
  • The company announced a quarterly dividend of $0.25 per share, with a scheduled payout date of September 17th, representing an annualized yield of 1.4%.
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American Century Companies Inc. increased its stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 865,318 shares of the software maker's stock after acquiring an additional 74,986 shares during the quarter. American Century Companies Inc. owned about 3.25% of ePlus worth $52,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLUS. Quarry LP increased its position in ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock worth $35,000 after acquiring an additional 430 shares during the period. Versant Capital Management Inc increased its position in ePlus by 377.9% during the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock worth $43,000 after acquiring an additional 563 shares during the period. Johnson Financial Group Inc. bought a new position in ePlus during the fourth quarter worth $60,000. GAMMA Investing LLC increased its position in ePlus by 625.5% during the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock worth $62,000 after acquiring an additional 882 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in ePlus by 2,300.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,400 shares of the software maker's stock worth $177,000 after acquiring an additional 2,300 shares during the period. Institutional investors own 93.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of ePlus from a "buy" rating to a "hold" rating in a report on Friday, June 27th.

View Our Latest Report on ePlus

ePlus Stock Up 4.2%

ePlus stock traded up $2.95 on Friday, hitting $73.66. The company's stock had a trading volume of 170,850 shares, compared to its average volume of 191,247. The firm has a market cap of $1.96 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The company has a fifty day moving average price of $69.84 and a 200-day moving average price of $66.64. ePlus inc. has a one year low of $53.83 and a one year high of $106.98.

ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. ePlus had a net margin of 5.47% and a return on equity of 11.03%. Analysts anticipate that ePlus inc. will post 3.78 EPS for the current year.

ePlus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, August 26th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. ePlus's dividend payout ratio is presently 22.42%.

ePlus Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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