Public Sector Pension Investment Board Acquires 17,432 Shares of ePlus inc. $PLUS

Key Points

• The Public Sector Pension Investment Board increased its stake in ePlus inc. by 26.4%, owning 83,493 shares worth approximately $5.1 million as of its latest SEC filing.
• ePlus reported earnings per share of $0.95, exceeding analysts' expectations of $0.87, although its revenue of $498.11 million fell short of the anticipated $523.85 million.
• The company declared a quarterly dividend of $0.25 per share, which will be paid on September 17th, offering an annualized yield of 1.4%.

Public Sector Pension Investment Board boosted its position in shares of ePlus inc. (NASDAQ:PLUS - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,493 shares of the software maker's stock after purchasing an additional 17,432 shares during the period. Public Sector Pension Investment Board owned about 0.31% of ePlus worth $5,096,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PLUS. Principal Financial Group Inc. grew its stake in shares of ePlus by 1.7% during the first quarter. Principal Financial Group Inc. now owns 139,844 shares of the software maker's stock valued at $8,535,000 after buying an additional 2,392 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of ePlus by 625.5% during the first quarter. GAMMA Investing LLC now owns 1,023 shares of the software maker's stock valued at $62,000 after buying an additional 882 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of ePlus during the first quarter valued at approximately $968,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ePlus by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,660 shares of the software maker's stock valued at $5,294,000 after buying an additional 11,193 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of ePlus by 83.5% during the fourth quarter. Millennium Management LLC now owns 111,499 shares of the software maker's stock valued at $8,238,000 after buying an additional 50,732 shares during the last quarter. Institutional investors own 93.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut ePlus from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

ePlus Stock Performance

Shares of ePlus stock traded up $3.13 during midday trading on Friday, hitting $73.84. The company had a trading volume of 23,515 shares, compared to its average volume of 204,394. The stock has a market capitalization of $1.97 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.83 and a beta of 1.14. The company has a 50 day moving average of $69.75 and a 200 day moving average of $66.78. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98.

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

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.4%.

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.