ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 1,935 shares of the company’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 value of $182,006.10. Following the sale, the chief operating officer directly owned 69,236 shares of the company’s stock, valued at approximately $6,512,338.16. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ePlus Trading Down 2.3%
ePlus stock opened at $90.99 on Friday. The stock has a 50 day moving average of $84.82 and a two-hundred day moving average of $83.17. ePlus inc. has a twelve month low of $62.11 and a twelve month high of $95.64. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.25 and a beta of 1.02.
ePlus (NASDAQ:PLUS – Get Free Report) last released its earnings results on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. ePlus had a return on equity of 11.36% and a net margin of 5.24%.The business had revenue of $581.63 million for the quarter, compared to analyst estimates of $569.25 million. Equities analysts predict that ePlus inc. will post 4.66 earnings per share for the current year.
ePlus Increases Dividend
Wall Street Analysts Forecast Growth
Several research firms have recently commented on PLUS. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research lowered shares of ePlus from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on PLUS
Institutional Trading of ePlus
Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in ePlus by 361.9% during the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after acquiring an additional 351 shares during the period. Kestra Advisory Services LLC purchased a new position in ePlus in the fourth quarter worth $108,000. US Bancorp DE lifted its holdings in ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after acquiring an additional 1,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ePlus in the fourth quarter valued at $138,000. Finally, Focus Partners Wealth purchased a new stake in shares of ePlus during the 3rd quarter worth $154,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.
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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