ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 1,000 Shares of Company Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $94.68, for a total value of $94,680.00. Following the completion of the transaction, the chief operating officer directly owned 65,036 shares in the company, valued at approximately $6,157,608.48. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $96.61 on Wednesday. The company has a market capitalization of $2.51 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The business has a fifty day moving average price of $92.23 and a two-hundred day moving average price of $85.89. ePlus inc. has a 1 year low of $73.08 and a 1 year high of $98.21.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, November 5th. The software maker reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.35. The company had revenue of $667.92 million for the quarter, compared to analysts’ expectations of $636.10 million. ePlus had a return on equity of 11.93% and a net margin of 5.02%. Sell-side analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, November 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 24th. ePlus’s payout ratio is presently 22.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PLUS shares. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research note on Tuesday, October 6th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in ePlus by 19.3% in the 3rd quarter. GAMMA Investing LLC now owns 940 shares of the software maker’s stock worth $85,000 after acquiring an additional 152 shares during the last quarter. Inceptionr LLC lifted its holdings in ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock valued at $257,000 after purchasing an additional 190 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in ePlus by 2.0% during the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker’s stock valued at $1,066,000 after purchasing an additional 276 shares during the last quarter. Handelsbanken Fonder AB boosted its position in ePlus by 4.5% during the second quarter. Handelsbanken Fonder AB now owns 6,944 shares of the software maker’s stock worth $578,000 after purchasing an additional 300 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in ePlus by 26.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,827 shares of the software maker’s stock worth $164,000 after purchasing an additional 377 shares during the period. Institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

ePlus inc. is a technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. Its offerings include data center and cloud infrastructure, networking, cybersecurity, collaboration tools, software and related professional and managed services. The company also provides financing solutions for technology purchases, including leasing and other equipment financing arrangements. Founded in 1990, ePlus serves customers across the United States and the United Kingdom.