Darren Raiguel Sells 1,000 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of ePlus stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $89.95, for a total transaction of $89,950.00. Following the completion of the transaction, the chief operating officer directly owned 55,748 shares of the company’s stock, valued at approximately $5,014,532.60. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ePlus Stock Down 5.3%

Shares of PLUS stock traded down $4.72 on Tuesday, reaching $84.28. The stock had a trading volume of 234,695 shares, compared to its average volume of 175,319. The firm’s 50-day moving average is $80.40 and its two-hundred day moving average is $83.77. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 0.98 and a beta of 1.04. ePlus inc. has a 12 month low of $62.11 and a 12 month high of $93.98.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLUS shares. Weiss Ratings lowered ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 13th. Wall Street Zen lowered ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Zacks Research upgraded ePlus from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Medina Value Partners LLC acquired a new position in shares of ePlus during the 3rd quarter worth approximately $2,730,000. Elo Mutual Pension Insurance Co acquired a new stake in ePlus during the third quarter worth approximately $1,161,000. Public Sector Pension Investment Board increased its stake in ePlus by 14.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker’s stock worth $7,306,000 after acquiring an additional 13,225 shares during the period. Andra AP fonden raised its holdings in ePlus by 285.4% in the 3rd quarter. Andra AP fonden now owns 17,730 shares of the software maker’s stock valued at $1,259,000 after acquiring an additional 13,130 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of ePlus by 9.0% during the 4th quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock valued at $14,134,000 after acquiring an additional 13,369 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

ePlus Company Profile

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.