ePlus inc. (NASDAQ:PLUS – Get Free Report) Director John Callies sold 500 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $88.09, for a total transaction of $44,045.00. Following the completion of the transaction, the director owned 20,648 shares of the company’s stock, valued at $1,818,882.32. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
ePlus Trading Down 2.0%
NASDAQ PLUS traded down $1.75 during mid-day trading on Monday, reaching $86.78. 202,358 shares of the company’s stock traded hands, compared to its average volume of 210,232. ePlus inc. has a 1-year low of $69.07 and a 1-year high of $98.14. The company has a fifty day simple moving average of $86.31 and a 200-day simple moving average of $83.42. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.14 and a beta of 1.00.
ePlus (NASDAQ:PLUS – Get Free Report) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. Equities research analysts forecast that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Dividend Announcement
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of ePlus in the second quarter valued at $9,796,000. Freestone Grove Partners LP acquired a new position in ePlus during the second quarter worth about $452,000. Jupiter Topco LLC acquired a new position in ePlus during the second quarter worth about $975,000. PDT Partners LLC bought a new stake in ePlus in the second quarter worth about $358,000. Finally, Legal & General Group Plc bought a new stake in ePlus in the second quarter worth about $5,186,000. 93.80% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on PLUS shares. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.
Get Our Latest Analysis 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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