ePlus (NASDAQ:PLUS) COO Sells $43,761.70 in Stock

ePlus inc. (NASDAQ:PLUSGet Free Report) COO Darren Raiguel sold 470 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $93.11, for a total transaction of $43,761.70. Following the transaction, the chief operating officer owned 67,182 shares in the company, valued at $6,255,316.02. This represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $91.10 on Friday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.18 and a beta of 0.97. ePlus inc. has a 12 month low of $69.25 and a 12 month high of $98.14. The stock’s 50 day moving average price is $89.50 and its 200 day moving average price is $84.38.

ePlus (NASDAQ:PLUSGet Free Report) last issued its quarterly 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. The firm had revenue of $649.11 million during the quarter, compared to analyst estimates of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. On average, sell-side analysts expect that ePlus inc. will post 4.86 EPS for the current year.

ePlus Dividend Announcement

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

Institutional Trading of ePlus

A number of hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust grew its holdings in shares of ePlus by 2,104.3% during the second quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock valued at $42,000 after buying an additional 484 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in ePlus in the 2nd quarter worth about $51,000. Global Retirement Partners LLC acquired a new stake in ePlus during the 2nd quarter worth about $150,000. Nykredit A S acquired a new stake in ePlus during the 2nd quarter worth about $161,000. Finally, Revolve Wealth Partners LLC acquired a new stake in ePlus during the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

PLUS has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on PLUS

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.

Further Reading

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

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