Insider Selling: ePlus (NASDAQ:PLUS) COO Sells $35,220.00 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 400 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $88.05, for a total transaction of $35,220.00. Following the completion of the sale, the chief operating officer owned 57,348 shares in the company, valued at $5,049,491.40. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ePlus Price Performance

Shares of PLUS stock opened at $83.88 on Friday. ePlus inc. has a 12-month low of $53.83 and a 12-month high of $93.98. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.05 and a beta of 1.01. The business has a 50 day simple moving average of $87.72 and a 200 day simple moving average of $79.82.

ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, February 4th. The software maker reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.44. The firm had revenue of $614.77 million for the quarter, compared to the consensus estimate of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. On average, equities analysts anticipate that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, February 24th. ePlus’s dividend payout ratio is currently 19.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLUS. Wall Street Zen cut shares of ePlus from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ePlus has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLUS. Meeder Asset Management Inc. acquired a new stake in shares of ePlus during the 3rd quarter valued at $29,000. Farther Finance Advisors LLC grew its holdings in shares of ePlus by 47.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock worth $31,000 after acquiring an additional 142 shares during the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of ePlus during the third quarter worth $31,000. Osaic Holdings Inc. lifted its holdings in shares of ePlus by 361.9% during 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 during the last quarter. Finally, Quaker Wealth Management LLC boosted its position in shares of ePlus by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock valued at $38,000 after purchasing an additional 1,050 shares during the period. 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.