ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 200 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $98.00, for a total value of $19,600.00. Following the completion of the sale, the chief operating officer owned 69,036 shares in the company, valued at $6,765,528. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
ePlus Trading Down 0.9%
Shares of PLUS stock opened at $89.58 on Friday. ePlus inc. has a 1-year low of $67.00 and a 1-year high of $98.14. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.20 and a beta of 1.00. The stock has a 50-day moving average of $85.62 and a 200-day moving average of $83.41.
ePlus (NASDAQ:PLUS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The company had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. Sell-side analysts forecast that ePlus inc. will post 4.66 earnings per share for the current year.
ePlus Dividend Announcement
Institutional Investors Weigh In On ePlus
Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after buying an additional 351 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of ePlus during the 4th quarter worth approximately $108,000. US Bancorp DE grew its position in shares of ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after buying an additional 1,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ePlus in the 4th quarter valued at $138,000. Finally, Global Retirement Partners LLC acquired a new position in shares of ePlus during the 2nd quarter valued at $150,000. Institutional investors and hedge funds own 93.80% of the company’s stock.
Wall Street Analysts Forecast Growth
PLUS has been the topic of a number of analyst reports. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings reissued 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, the company presently has an average rating of “Hold”.
View Our Latest Analysis on ePlus
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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