ePlus inc. $PLUS Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in ePlus inc. by 1.2%, now holding 385,943 shares worth approximately $23.55 million.
• ePlus recently announced a quarterly dividend of $0.25 per share, with a dividend yield of 1.4% and a payout ratio of 22.42%.
• Despite exceeding earnings expectations with $0.95 EPS, ePlus reported revenue of $498.11 million, falling short of the analysts' estimates of $523.85 million.

Charles Schwab Investment Management Inc. trimmed its position in ePlus inc. (NASDAQ:PLUS - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 385,943 shares of the software maker's stock after selling 4,636 shares during the period. Charles Schwab Investment Management Inc. owned 1.45% of ePlus worth $23,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PLUS. Quarry LP increased its position in shares of ePlus by 1,000.0% in the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after acquiring an additional 430 shares during the period. Versant Capital Management Inc boosted its holdings in ePlus by 377.9% in the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after purchasing an additional 563 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in ePlus in the fourth quarter valued at $60,000. GAMMA Investing LLC boosted its holdings in ePlus by 625.5% in the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock valued at $62,000 after purchasing an additional 882 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in ePlus by 2,300.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,400 shares of the software maker's stock valued at $177,000 after purchasing an additional 2,300 shares during the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

ePlus Stock Down 1.4%

PLUS stock opened at $71.20 on Thursday. The company's 50-day simple moving average is $69.75 and its 200-day simple moving average is $66.84. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The firm has a market cap of $1.90 billion, a P/E ratio of 15.96, a PEG ratio of 1.86 and a beta of 1.14.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. ePlus had a net margin of 5.47% and a return on equity of 11.03%. The business had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. On average, analysts anticipate that ePlus inc. will post 3.78 earnings per share for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 26th. ePlus's dividend payout ratio is presently 22.42%.

Analysts Set New Price Targets

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

ePlus Profile

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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