Darren Raiguel Sells 470 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 470 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $93.11, for a total transaction of $43,761.70. Following the completion of the sale, the chief operating officer directly owned 67,182 shares in the company, valued at approximately $6,255,316.02. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ePlus Trading Down 0.4%

PLUS stock opened at $92.04 on Friday. The firm has a 50 day moving average of $89.47 and a 200-day moving average of $84.33. The firm has a market capitalization of $2.40 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97. ePlus inc. has a 12 month low of $69.25 and a 12 month high of $98.14.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, topping 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. Sell-side analysts predict 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. Investors of record on Tuesday, August 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is 23.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PLUS shares. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On ePlus

A number of institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in ePlus by 2,104.3% during the second quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock worth $42,000 after purchasing an additional 484 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of ePlus in the 2nd quarter worth about $51,000. Global Retirement Partners LLC bought a new position in shares of ePlus during the 2nd quarter valued at about $150,000. Nykredit A S purchased a new position in shares of ePlus during the 2nd quarter valued at about $161,000. Finally, Revolve Wealth Partners LLC purchased a new position in shares of ePlus during the 2nd quarter valued at about $206,000. Institutional investors own 93.80% of the company’s stock.

About ePlus

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.