ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the transaction, the chief operating officer directly owned 55,748 shares in the company, valued at approximately $5,014,532.60. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
ePlus Stock Performance
Shares of NASDAQ PLUS traded down $4.72 during trading hours on Tuesday, hitting $84.28. 234,695 shares of the stock were exchanged, compared to its average volume of 175,319. The company’s fifty day simple moving average is $80.40 and its two-hundred day simple moving average is $83.77. The company has a market cap of $2.22 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.04. ePlus inc. has a 1-year low of $62.11 and a 1-year high of $93.98.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Wall Street Zen downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ePlus has an average rating of “Buy”.
Hedge Funds Weigh In On ePlus
Several institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. Amundi lifted its holdings in shares of ePlus by 333.0% during the first quarter. Amundi now owns 5,361 shares of the software maker’s stock worth $313,000 after purchasing an additional 4,123 shares during the period. AQR Capital Management LLC lifted its holdings in ePlus by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock worth $2,784,000 after buying an additional 7,742 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in ePlus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock worth $956,000 after buying an additional 687 shares during the period. Millennium Management LLC grew its position in shares of ePlus by 103.1% in the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock valued at $13,817,000 after buying an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of ePlus by 628.3% in the 1st quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after buying an additional 2,645 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.
About ePlus
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.
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