ePlus (NASDAQ:PLUS) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of ePlus inc. (NASDAQ:PLUS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $81.60 and traded as low as $75.06. ePlus shares last traded at $76.78, with a volume of 190,857 shares.

Analyst Ratings Changes

A number of analysts recently weighed in on PLUS shares. Weiss Ratings lowered shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. Wall Street Zen lowered ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research cut ePlus from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ePlus has an average rating of “Hold”.

ePlus Stock Performance

The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 0.89 and a beta of 1.00. The business’s 50-day moving average is $81.59 and its two-hundred day moving average is $81.53.

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 net margin of 5.63% and a return on equity of 12.06%. The firm had revenue of $614.77 million during the quarter, compared to analysts’ expectations of $529.60 million. Analysts forecast that ePlus inc. will post 3.78 EPS for the current year.

ePlus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. ePlus’s payout ratio is 19.88%.

Insider Activity at ePlus

In related news, COO Darren S. Raiguel sold 311 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total value of $27,582.59. Following the completion of the sale, the chief operating officer owned 57,037 shares in the company, valued at $5,058,611.53. This represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Argent Capital Management LLC increased its holdings in shares of ePlus by 0.7% in the third quarter. Argent Capital Management LLC now owns 20,703 shares of the software maker’s stock worth $1,470,000 after acquiring an additional 138 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in shares of ePlus by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 34,210 shares of the software maker’s stock valued at $2,429,000 after purchasing an additional 142 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of ePlus by 47.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares during the period. ProShare Advisors LLC grew its position in shares of ePlus by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock valued at $450,000 after purchasing an additional 159 shares during the period. Finally, GAMMA Investing LLC increased its stake in ePlus by 30.8% during the 4th quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock worth $79,000 after purchasing an additional 213 shares in the last quarter. 93.80% of the stock is currently 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.