ePlus inc. (NASDAQ:PLUS – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $85.79 and traded as low as $79.46. ePlus shares last traded at $82.43, with a volume of 495,058 shares changing hands.
ePlus News Roundup
Here are the key news stories impacting ePlus this week:
- Positive Sentiment: ePlus reported EPS of $1.82, beating analyst expectations of $1.47, while revenue of $667.9 million topped the $636.1 million consensus and increased 9.7% year over year. Earnings results
- Positive Sentiment: Gross billings rose 4.3% to a record $1.067 billion, and the company increased its fiscal 2027 guidance—signaling stronger expectations for the year. Fiscal 2027 second-quarter results
- Positive Sentiment: The company declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 1.3% yield. The dividend is payable December 16 to shareholders of record November 24. Dividend and earnings announcement
- Neutral Sentiment: The results also noted a leadership transition, but the available announcement details do not specify its expected business or financial impact. Results and leadership transition
- Negative Sentiment: Services revenue declined 2.4% to $120.8 million, a weaker area within an otherwise solid quarter. Fiscal 2027 second-quarter results
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research report on Tuesday, October 6th. Zacks Research raised shares of 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 data from MarketBeat, the stock has an average rating of “Hold”.
Check Out Our Latest Stock Report on ePlus
ePlus Price Performance
The business has a 50-day simple moving average of $91.91 and a two-hundred day simple moving average of $85.82. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.15 and a beta of 0.95.
ePlus (NASDAQ:PLUS – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The software maker reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.35. ePlus had a return on equity of 11.51% and a net margin of 4.91%. The company had revenue of $667.92 million during the quarter, compared to analysts’ expectations of $636.10 million. As a group, equities analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, November 24th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 24th. ePlus’s payout ratio is currently 23.63%.
Insiders Place Their Bets
In other news, Director John Callies sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $88.09, for a total transaction of $44,045.00. Following the completion of the sale, the director owned 20,648 shares in the company, valued at $1,818,882.32. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Darren Raiguel sold 470 shares of the company’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 value of $43,761.70. Following the completion of the transaction, the chief operating officer directly owned 67,182 shares in the company, valued at $6,255,316.02. The trade was a 0.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,500 shares of company stock worth $709,495 over the last three months. Insiders own 2.20% of the company’s stock.
Institutional Trading of ePlus
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in ePlus during the 2nd quarter worth $337,929,000. Dimensional Fund Advisors LP lifted its holdings in shares of ePlus by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after buying an additional 48,158 shares in the last quarter. First Trust Advisors LP boosted its position in shares of ePlus by 118.2% in the first 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. Neumeier Poma Investment Counsel LLC bought a new stake in shares of ePlus in the second quarter valued at about $22,888,250. Finally, Royal Bank of Canada boosted its position in shares of ePlus by 9.6% in the first quarter. Royal Bank of Canada now owns 278,636 shares of the software maker’s stock valued at $20,968,000 after acquiring an additional 24,348 shares during the period. 93.80% of the stock is currently owned by institutional investors.
About ePlus
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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