Sidoti Forecasts ePlus’ FY2028 Earnings (NASDAQ:PLUS)

ePlus inc. (NASDAQ:PLUS) – Sidoti reduced their FY2028 earnings per share (EPS) estimates for ePlus in a research note issued on Wednesday, August 5th. Sidoti analyst G. Burns now forecasts that the software maker will post earnings of $5.53 per share for the year, down from their prior estimate of $5.59. The consensus estimate for ePlus’ current full-year earnings is $4.66 per share.

A number of other equities analysts also recently commented on the stock. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ePlus currently has a consensus rating of “Hold”.

ePlus Trading Down 1.6%

Shares of NASDAQ:PLUS opened at $88.82 on Wednesday. ePlus has a 52 week low of $68.07 and a 52 week high of $98.14. The company’s 50 day moving average is $85.87 and its two-hundred day moving average is $83.41. The company has a market cap of $2.32 billion, a PE ratio of 19.44, a P/E/G ratio of 1.21 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The firm had revenue of $649.11 million for the quarter, compared to analysts’ expectations of $639.95 million.

Institutional Trading of ePlus

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of ePlus in the second quarter valued at approximately $337,929,000. First Trust Advisors LP increased its holdings in shares of ePlus by 118.2% in the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after acquiring an additional 313,674 shares during the period. Neumeier Poma Investment Counsel LLC acquired a new position in shares of ePlus in the 4th quarter valued at $24,681,000. Bank of New York Mellon Corp purchased a new stake in ePlus in the 2nd quarter valued at $18,210,000. Finally, Bragg Financial Advisors Inc raised its position in ePlus by 787.7% in the 4th quarter. Bragg Financial Advisors Inc now owns 181,922 shares of the software maker’s stock valued at $15,955,000 after purchasing an additional 161,428 shares during the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Darren S. Raiguel sold 1,935 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $94.06, for a total transaction of $182,006.10. Following the completion of the sale, the chief operating officer owned 69,236 shares in the company, valued at approximately $6,512,338.16. The trade was a 2.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elaine D. Marion sold 5,514 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $96.41, for a total transaction of $531,604.74. Following the completion of the transaction, the chief financial officer owned 84,259 shares of the company’s stock, valued at approximately $8,123,410.19. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,200 shares of company stock worth $1,166,253. 2.20% of the stock is owned by corporate insiders.

ePlus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. ePlus’s dividend payout ratio (DPR) is presently 23.63%.

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.