ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 311 Shares

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 311 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $88.69, for a total value of $27,582.59. Following the transaction, the chief operating officer owned 57,037 shares of the company’s stock, valued at $5,058,611.53. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $83.91 on Thursday. The business’s fifty day moving average price is $88.00 and its two-hundred day moving average price is $79.69. ePlus inc. has a fifty-two week low of $53.83 and a fifty-two week high of $93.98. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, February 4th. The software maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. ePlus had a return on equity of 12.06% and a net margin of 5.63%.The company had revenue of $614.77 million during the quarter, compared to analysts’ expectations of $529.60 million. Research analysts expect that ePlus inc. will post 3.78 EPS for the current fiscal year.

ePlus Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a report on Thursday, January 22nd. Wall Street Zen cut shares of ePlus from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research downgraded ePlus from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in ePlus during the third quarter worth about $29,000. Farther Finance Advisors LLC raised its position in shares of ePlus by 47.8% during the third quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock worth $31,000 after purchasing an additional 142 shares during the period. Strengthening Families & Communities LLC bought a new position in shares of ePlus during the 3rd quarter valued at about $31,000. Osaic Holdings Inc. grew its position in shares of ePlus by 361.9% in the 2nd 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 period. Finally, Quaker Wealth Management LLC increased its stake in ePlus by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock worth $38,000 after purchasing an additional 1,050 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

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.