ePlus inc. (NASDAQ:PLUS – Get Free Report)’s share price reached a new 52-week high on Monday. The company traded as high as $98.21 and last traded at $97.2220, with a volume of 16,724 shares changing hands. The stock had previously closed at $95.36.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Tuesday, October 6th. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.
View Our Latest Stock Report on PLUS
ePlus Stock Performance
The company’s fifty day moving average price is $90.94 and its 200-day moving average price is $87.30. The stock has a market cap of $2.54 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.23 and a beta of 0.96.
ePlus (NASDAQ:PLUS – Get Free Report) last announced its quarterly earnings data 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 net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. Analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. ePlus’s payout ratio is presently 23.63%.
Insider Buying and Selling at ePlus
In other ePlus news, Director John Callies sold 500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $88.09, for a total value of $44,045.00. Following the sale, the director owned 20,648 shares in the company, valued at $1,818,882.32. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Darren Raiguel sold 1,935 shares of ePlus stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $94.06, for a total value of $182,006.10. Following the sale, the chief operating officer owned 69,236 shares of the company’s stock, valued at approximately $6,512,338.16. This trade represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,700 shares of company stock valued at $1,875,748 in the last quarter. 2.20% of the stock is owned by insiders.
Hedge Funds Weigh In On ePlus
A number of hedge funds and other institutional investors have recently made changes to their positions in PLUS. BlackRock Inc. bought a new stake in shares of ePlus in the 2nd quarter valued at about $337,929,000. Dimensional Fund Advisors LP boosted its position in ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after acquiring an additional 48,158 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of ePlus by 118.2% in the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after acquiring an additional 313,674 shares during the period. Royal Bank of Canada raised its position in shares of ePlus by 9.6% in the 1st quarter. Royal Bank of Canada now owns 278,636 shares of the software maker’s stock worth $20,968,000 after acquiring an additional 24,348 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC bought a new position in shares of ePlus in the 2nd quarter worth $22,888,250. Institutional investors own 93.80% of the company’s stock.
ePlus Company Profile
ePlus inc. (NASDAQ: PLUS) provides technology solutions, professional services and financing to organizations in the commercial, government, healthcare and education sectors. Through its technology business, the company helps customers plan, implement and manage information technology environments, including data center, networking, cybersecurity, collaboration, cloud and digital infrastructure solutions.
The company also offers managed and professional services, technology consulting, IT asset management, and lifecycle services.
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