ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 1,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $90.83, for a total value of $90,830.00. Following the completion of the transaction, the chief operating officer directly owned 68,036 shares in the company, valued at $6,179,709.88. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ePlus Trading Down 0.0%
Shares of PLUS opened at $88.72 on Friday. ePlus inc. has a 1 year low of $69.07 and a 1 year high of $98.14. The stock has a market cap of $2.31 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. The stock’s 50-day moving average price is $86.19 and its two-hundred day moving average price is $83.42.
ePlus (NASDAQ:PLUS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. As a group, equities analysts forecast that ePlus inc. will post 4.86 EPS for the current year.
ePlus Dividend Announcement
Hedge Funds Weigh In On ePlus
Several institutional investors and hedge funds have recently modified their holdings of PLUS. Osaic Holdings Inc. increased its stake in ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after purchasing an additional 351 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of ePlus in the fourth quarter valued at approximately $108,000. US Bancorp DE boosted its holdings in shares of 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 buying an additional 1,550 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ePlus during the fourth quarter worth $138,000. Finally, Global Retirement Partners LLC bought a new stake in shares of ePlus during the second quarter worth $150,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
PLUS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ePlus currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on PLUS
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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