ePlus Inc. (NASDAQ:PLUS) CEO Mark P. Marron sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $101.80, for a total value of $1,018,000.00. Following the transaction, the chief executive officer now directly owns 99,752 shares in the company, valued at $10,154,753.60. The sale was disclosed in a document filed with the SEC, which is available at this link.
ePlus stock traded up $0.92 during trading hours on Friday, reaching $85.37. The company had a trading volume of 95,631 shares, compared to its average volume of 79,588. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.50. The stock has a market capitalization of $1.27 billion, a P/E ratio of 20.23 and a beta of 1.19. ePlus Inc. has a 12-month low of $67.65 and a 12-month high of $107.25.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, August 8th. The software maker reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.11. The business had revenue of $356.53 million for the quarter, compared to analysts’ expectations of $346.55 million. ePlus had a return on equity of 16.05% and a net margin of 4.07%. Sell-side analysts expect that ePlus Inc. will post 5.29 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of PLUS. Acadian Asset Management LLC bought a new stake in shares of ePlus in the 2nd quarter worth approximately $123,000. Itau Unibanco Holding S.A. bought a new stake in shares of ePlus in the 2nd quarter worth approximately $161,000. SG Americas Securities LLC bought a new stake in shares of ePlus in the 1st quarter worth approximately $171,000. Amalgamated Bank bought a new stake in shares of ePlus in the 2nd quarter worth approximately $209,000. Finally, MAI Capital Management bought a new stake in shares of ePlus in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.
ePlus Company Profile
ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
Featured Story: Understanding Average Daily Trade Volume
Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.