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 dated Monday, February 9th. The stock was sold at an average price of $88.05, for a total value of $35,220.00. Following the sale, the chief operating officer owned 57,348 shares of the company’s stock, valued at $5,049,491.40. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

ePlus Stock Down 2.8%

Shares of PLUS traded down $2.44 during trading hours on Wednesday, reaching $83.91. The company’s stock had a trading volume of 156,154 shares, compared to its average volume of 157,284. The company has a 50 day moving average of $88.08 and a two-hundred day moving average of $79.66. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.12 and a beta of 1.01. ePlus inc. has a 1-year low of $53.83 and a 1-year high of $93.98.

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

ePlus Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. ePlus’s dividend payout ratio is 19.88%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ePlus

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in shares of ePlus in the third quarter worth $29,000. Farther Finance Advisors LLC raised its holdings in 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 period. Strengthening Families & Communities LLC acquired a new position in ePlus during the 3rd quarter worth $31,000. Osaic Holdings Inc. lifted its position in ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock worth $32,000 after acquiring an additional 351 shares during the last quarter. Finally, Quaker Wealth Management LLC boosted its holdings in ePlus by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 525 shares of the software maker’s stock valued at $38,000 after acquiring an additional 1,050 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

About ePlus

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.