ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 139 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $93.38, for a total transaction of $12,979.82. Following the transaction, the chief operating officer directly owned 67,043 shares of the company’s stock, valued at $6,260,475.34. This represents a 0.21% 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 hyperlink.
ePlus Trading Down 1.0%
Shares of PLUS stock traded down $0.94 during trading hours on Friday, hitting $91.10. 950,703 shares of the company were exchanged, compared to its average volume of 212,592. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 1.19 and a beta of 0.97. The firm has a fifty day simple moving average of $89.47 and a 200 day simple moving average of $84.33. ePlus inc. has a 52-week low of $69.25 and a 52-week high of $98.14.
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, beating 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 business had revenue of $649.11 million for the quarter, compared to the consensus estimate of $639.95 million. Sell-side analysts anticipate that ePlus inc. will post 4.86 EPS for the current year.
ePlus Dividend Announcement
Analyst Ratings Changes
Several research firms have recently weighed in on PLUS. Zacks Research upgraded 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 report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Analysis on PLUS
Institutional Investors Weigh In On ePlus
Several hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its holdings in shares of ePlus by 2,104.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock worth $42,000 after purchasing an additional 484 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of ePlus during the 2nd quarter valued at $51,000. Global Retirement Partners LLC purchased a new position in ePlus in the 2nd quarter worth $150,000. Nykredit A S purchased a new position in ePlus in the 2nd quarter worth $161,000. Finally, Kemnay Advisory Services Inc. bought a new stake in ePlus in the fourth quarter worth $208,000. 93.80% of the stock is currently owned by institutional investors.
ePlus Company Profile
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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