Elaine Marion Sells 2,818 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 2,818 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $95.22, for a total transaction of $268,329.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ePlus Stock Performance

Shares of NASDAQ:PLUS traded up $1.42 during trading on Friday, hitting $92.41. The company’s stock had a trading volume of 325,667 shares, compared to its average volume of 206,980. ePlus inc. has a fifty-two week low of $62.11 and a fifty-two week high of $95.64. The business has a 50 day moving average price of $84.82 and a two-hundred day moving average price of $83.17. The company has a market capitalization of $2.41 billion, a PE ratio of 19.09, a P/E/G ratio of 1.25 and a beta of 1.02.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $569.25 million. ePlus had a return on equity of 11.36% and a net margin of 5.24%. As a group, equities analysts expect that ePlus inc. will post 4.66 earnings per share for the current fiscal year.

ePlus Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th were 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 was Wednesday, June 17th. This is a positive change from ePlus’s previous quarterly dividend of $0.25. ePlus’s payout ratio is presently 22.31%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in ePlus by 361.9% in the second quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after purchasing an additional 351 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in ePlus during the fourth quarter worth approximately $108,000. US Bancorp DE lifted its position in shares of 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 buying an additional 1,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ePlus during the 4th quarter worth approximately $138,000. Finally, Focus Partners Wealth acquired a new position in shares of ePlus in the 3rd quarter valued at $154,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

PLUS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research cut shares of ePlus from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ePlus presently has an average rating of “Reduce”.

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.