Darren Raiguel Sells 200 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $98.00, for a total value of $19,600.00. Following the completion of the transaction, the chief operating officer directly owned 69,036 shares in the company, valued at approximately $6,765,528. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ePlus Trading Down 0.9%

PLUS stock opened at $89.58 on Friday. ePlus inc. has a twelve month low of $67.00 and a twelve month high of $98.14. The company has a market capitalization of $2.34 billion, a P/E ratio of 19.60, a PEG ratio of 1.21 and a beta of 1.00. The firm has a 50 day simple moving average of $85.62 and a 200-day simple moving average of $83.41.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million during the quarter, compared to analyst estimates of $639.95 million. On average, research analysts predict that ePlus inc. will post 4.66 EPS for the current year.

ePlus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus’s dividend payout ratio is 23.63%.

Hedge Funds Weigh In On ePlus

A number of hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its stake in ePlus by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after acquiring an additional 159 shares in the last quarter. Inceptionr LLC lifted its position in shares of ePlus by 5.9% in the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock worth $257,000 after purchasing an additional 190 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ePlus by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock worth $662,000 after purchasing an additional 233 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of ePlus by 6.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock worth $338,000 after purchasing an additional 250 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of ePlus by 0.8% during the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker’s stock worth $2,303,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PLUS. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research upgraded 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, the stock currently has a consensus rating of “Hold”.

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.