ePlus inc. (NASDAQ:PLUS) Plans Quarterly Dividend of $0.25

ePlus inc. (NASDAQ:PLUS) announced a quarterly dividend on Wednesday, February 4th, NASDAQ Dividends reports. Investors of record on Tuesday, February 24th will be paid a dividend of 0.25 per share by the software maker on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, February 24th.

ePlus Stock Performance

PLUS stock opened at $81.95 on Friday. The stock’s 50 day simple moving average is $86.90 and its 200 day simple moving average is $80.54. ePlus has a fifty-two week low of $53.83 and a fifty-two week high of $93.98. The company has a market cap of $2.16 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. ePlus had a return on equity of 12.06% and a net margin of 5.63%.The firm had revenue of $614.77 million during the quarter, compared to analysts’ expectations of $529.60 million. Equities analysts predict that ePlus will post 3.78 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PLUS shares. Zacks Research cut shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings raised ePlus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen downgraded ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ePlus Company Profile

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.