ePlus (NASDAQ:PLUS) CFO Sells $531,604.74 in Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 5,514 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total value of $531,604.74. Following the sale, the chief financial officer directly owned 84,259 shares in the company, valued at $8,123,410.19. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ePlus Price Performance

Shares of PLUS stock opened at $89.58 on Friday. The company has a market cap of $2.34 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.00. ePlus inc. has a 1 year low of $67.00 and a 1 year high of $98.14. The stock’s 50 day simple moving average is $85.62 and its two-hundred day simple moving average is $83.41.

ePlus (NASDAQ:PLUS) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. Equities research analysts expect that ePlus inc. will post 4.66 EPS for the current year.

ePlus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus’s payout ratio is presently 23.63%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLUS. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Zacks Research upgraded shares of 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.com, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On ePlus

Large investors have recently bought and sold shares of the business. Tributary Capital Management LLC increased its stake in ePlus by 9.0% in the 4th quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after buying an additional 13,369 shares during the period. Allspring Global Investments Holdings LLC boosted its position in ePlus by 63.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 51,815 shares of the software maker’s stock valued at $4,489,000 after buying an additional 20,163 shares during the period. Vest Financial LLC purchased a new stake in ePlus in the 4th quarter valued at about $1,511,000. Comerica Bank grew its stake in ePlus by 74.9% in the 4th quarter. Comerica Bank now owns 69,187 shares of the software maker’s stock worth $6,068,000 after acquiring an additional 29,631 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in ePlus by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after acquiring an additional 48,158 shares in the last quarter. Hedge funds and other institutional investors 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.