ePlus (NASDAQ:PLUS) COO Sells $90,830.00 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $90.83, for a total value of $90,830.00. Following the sale, the chief operating officer owned 68,036 shares of the company’s stock, valued at approximately $6,179,709.88. The trade was a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ePlus Stock Down 0.2%

Shares of PLUS opened at $88.53 on Friday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00. ePlus inc. has a 52-week low of $69.07 and a 52-week high of $98.14. The stock has a 50 day moving average price of $86.31 and a 200 day moving average price of $83.45.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data 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. The company had revenue of $649.11 million for the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. On average, equities analysts anticipate that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors 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 is Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is currently 23.63%.

Hedge Funds Weigh In On ePlus

A number of institutional investors have recently modified their holdings of PLUS. Osaic Holdings Inc. raised its position in ePlus by 361.9% in the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after purchasing an additional 351 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in ePlus during the 4th quarter worth $108,000. US Bancorp DE grew its position in ePlus by 856.4% during the 3rd quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ePlus in the fourth quarter valued at $138,000. Finally, Global Retirement Partners LLC acquired a new position in ePlus in the second quarter valued at $150,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.