ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 139 Shares of Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 139 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $93.38, for a total value of $12,979.82. Following the transaction, the chief operating officer directly owned 67,043 shares of the company’s stock, valued at $6,260,475.34. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ePlus Trading Down 1.0%

Shares of NASDAQ PLUS opened at $91.10 on Friday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. ePlus inc. has a 12-month low of $69.25 and a 12-month high of $98.14. The stock’s 50 day simple moving average is $89.50 and its 200 day simple moving average is $84.38.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The firm had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. As a group, equities analysts forecast that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ePlus

Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust grew its position in ePlus by 2,104.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock valued at $42,000 after buying an additional 484 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ePlus during the 2nd quarter worth about $51,000. Global Retirement Partners LLC acquired a new stake in shares of ePlus in the 2nd quarter worth approximately $150,000. Nykredit A S acquired a new stake in shares of ePlus in the 2nd quarter worth approximately $161,000. Finally, Revolve Wealth Partners LLC bought a new position in shares of ePlus in the second quarter valued at approximately $206,000. 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 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.