Zions Bancorporation National Association UT Acquires Shares of 21,365 ePlus inc. (NASDAQ:PLUS)

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 acquired a new stake in shares of ePlus inc. (NASDAQ:PLUS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,365 shares of the software maker's stock, valued at approximately $1,304,000. Zions Bancorporation National Association UT owned approximately 0.08% of ePlus as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP raised its stake in ePlus by 1,000.0% during the fourth quarter. Quarry LP now owns 473 shares of the software maker's stock valued at $35,000 after buying an additional 430 shares in the last quarter. Versant Capital Management Inc raised its stake in ePlus by 377.9% during the first quarter. Versant Capital Management Inc now owns 712 shares of the software maker's stock valued at $43,000 after buying an additional 563 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in ePlus during the fourth quarter valued at approximately $60,000. GAMMA Investing LLC raised its stake in 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 in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake 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 valued at $177,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

ePlus Stock Up 9.4%

Shares of ePlus stock opened at $69.26 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $69.64 and its 200-day simple moving average is $67.16. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.78 and a beta of 1.14. ePlus inc. has a twelve month low of $53.83 and a twelve month 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 for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The business had revenue of $498.11 million for the quarter, compared to analysts' expectations of $523.85 million. ePlus had a return on equity of 11.20% and a net margin of 5.47%. Equities research analysts forecast that ePlus inc. will post 3.78 earnings per share for the current year.

ePlus Dividend Announcement

The business also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 26th.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut ePlus from a "buy" rating to a "hold" rating in a research 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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