21,365 Shares in ePlus inc. (NASDAQ:PLUS) Bought by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in ePlus inc., purchasing 21,365 shares valued at approximately $1,304,000 during the 1st quarter.
• ePlus announced a quarterly dividend of $0.25 per share, set to be paid on September 17th, representing a 1.4% dividend yield.
• Shares of ePlus have experienced a price increase of 9.4%, with the stock currently opening at $69.26, despite the company missing revenue expectations in its latest quarterly earnings report.

Zions Bancorporation National Association UT purchased a new stake in ePlus inc. (NASDAQ:PLUS - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 21,365 shares of the software maker's stock, valued at approximately $1,304,000. Zions Bancorporation National Association UT owned about 0.08% of ePlus as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Cascade Investment Advisors Inc. boosted its holdings in ePlus by 1.6% in the first quarter. Cascade Investment Advisors Inc. now owns 16,264 shares of the software maker's stock valued at $993,000 after purchasing an additional 260 shares during the last quarter. Vista Finance LLC grew its stake in shares of ePlus by 7.8% during the 1st quarter. Vista Finance LLC now owns 4,606 shares of the software maker's stock worth $281,000 after purchasing an additional 333 shares during the period. Quarry LP increased its holdings in shares of ePlus by 1,000.0% during the 4th quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after purchasing an additional 430 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of ePlus by 377.9% in the 1st 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 period. Finally, Mariner LLC boosted its holdings in ePlus by 6.7% during the fourth quarter. Mariner LLC now owns 9,431 shares of the software maker's stock worth $697,000 after buying an additional 589 shares in the last quarter. Institutional investors own 93.80% of the company's stock.

Analyst Ratings Changes

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

ePlus Stock Performance

Shares of NASDAQ:PLUS traded up $0.31 during midday trading on Thursday, reaching $74.34. 81,142 shares of the company's stock traded hands, compared to its average volume of 207,115. The company has a market cap of $1.98 billion, a P/E ratio of 16.67, a PEG ratio of 1.85 and a beta of 1.14. ePlus inc. has a 1 year low of $53.83 and a 1 year high of $106.98. The company has a fifty day simple moving average of $69.68 and a two-hundred day simple moving average of $67.07.

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, beating the consensus estimate of $0.87 by $0.08. ePlus had a return on equity of 11.03% and a net margin of 5.47%. The firm had revenue of $498.11 million during the quarter, compared to the consensus estimate of $523.85 million. As a group, research analysts forecast that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.25 per share. 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 1.3%.

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.