Insider Selling: ePlus (NASDAQ:PLUS) COO Sells 200 Shares of Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 200 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $98.00, for a total value of $19,600.00. Following the sale, the chief operating officer owned 69,036 shares in the company, valued at $6,765,528. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ePlus Stock Performance

ePlus stock traded down $4.21 during trading on Thursday, hitting $90.35. The company’s stock had a trading volume of 275,943 shares, compared to its average volume of 211,024. The stock’s fifty day moving average is $85.43 and its 200 day moving average is $83.35. ePlus inc. has a 1-year low of $62.42 and a 1-year high of $98.14. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.30 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. ePlus had a return on equity of 11.54% and a net margin of 4.91%.The firm had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. On average, research analysts anticipate that ePlus inc. will post 4.66 EPS for the current fiscal year.

ePlus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus’s payout ratio is presently 22.31%.

Analyst Ratings Changes

A number of equities analysts have weighed in on PLUS shares. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reissued 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, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of ePlus

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock valued at $215,147,000 after acquiring an additional 8,146 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 48,158 shares during the last quarter. State Street Corp raised its stake in shares of ePlus by 0.9% in the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock valued at $73,474,000 after purchasing an additional 8,956 shares in the last quarter. First Trust Advisors LP lifted its position in shares of ePlus by 118.2% during the first quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after purchasing an additional 313,674 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in ePlus by 9.0% in the third quarter. Wellington Management Group LLP now owns 471,405 shares of the software maker’s stock worth $33,474,000 after purchasing an additional 39,012 shares in the last quarter. 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.