ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 384 Shares

ePlus inc. (NASDAQ:PLUSGet Free Report) COO Darren Raiguel sold 384 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $93.18, for a total value of $35,781.12. Following the transaction, the chief operating officer owned 67,652 shares of the company’s stock, valued at approximately $6,303,813.36. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ePlus Price Performance

Shares of PLUS stock traded up $0.13 on Wednesday, hitting $92.37. The stock had a trading volume of 347,758 shares, compared to its average volume of 208,117. The firm has a market capitalization of $2.41 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.19 and a beta of 0.97. ePlus inc. has a 1 year low of $69.25 and a 1 year high of $98.14. The company’s 50 day moving average price is $89.24 and its 200-day moving average price is $84.16.

ePlus (NASDAQ:PLUSGet Free Report) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The firm had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. On average, equities analysts forecast that ePlus inc. will post 4.86 EPS for the current year.

ePlus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus’s dividend payout ratio is currently 23.63%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLUS. 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 reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Analysis on ePlus

Institutional Investors Weigh In On ePlus

Several large investors have recently bought and sold shares of PLUS. ProShare Advisors LLC grew its stake in ePlus by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after acquiring an additional 159 shares during the last quarter. Inceptionr LLC raised its position in ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock worth $257,000 after acquiring an additional 190 shares during the last quarter. PNC Financial Services Group Inc. raised its position in ePlus by 3.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock worth $662,000 after acquiring an additional 233 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of ePlus by 6.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock valued at $338,000 after purchasing an additional 250 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in shares of ePlus by 2.0% in the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker’s stock valued at $1,066,000 after purchasing an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

About ePlus

(Get Free Report)

ePlus inc. (NASDAQ: PLUS) is a technology solutions provider that helps organizations design, implement and manage information technology environments. The company provides products and services spanning data center infrastructure, networking, cybersecurity, cloud computing, collaboration and unified communications, and digital transformation. Its offerings include hardware, software, professional services and ongoing managed services.

ePlus works with businesses, government agencies, educational institutions and healthcare organizations.

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Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

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