ePlus inc. (NASDAQ:PLUS) COO Sells $388,428.21 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren S. Raiguel sold 4,833 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $80.37, for a total value of $388,428.21. Following the transaction, the chief operating officer now directly owns 33,290 shares in the company, valued at approximately $2,675,517.30. The transaction was disclosed in a filing with the SEC, which is available at this link.

ePlus Price Performance

Shares of NASDAQ PLUS opened at $79.23 on Friday. The stock’s 50-day simple moving average is $77.91 and its 200-day simple moving average is $75.35. The firm has a market capitalization of $2.13 billion, a PE ratio of 18.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. ePlus inc. has a fifty-two week low of $45.18 and a fifty-two week high of $83.57.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target on ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Ellsworth Advisors LLC grew its stake in ePlus by 2.2% during the 4th quarter. Ellsworth Advisors LLC now owns 6,102 shares of the software maker’s stock worth $487,000 after buying an additional 134 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in ePlus by 1.1% during the 4th quarter. SummerHaven Investment Management LLC now owns 12,696 shares of the software maker’s stock worth $1,014,000 after buying an additional 143 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in ePlus by 3.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker’s stock worth $499,000 after buying an additional 204 shares during the last quarter. Rhumbline Advisers grew its stake in ePlus by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 83,613 shares of the software maker’s stock worth $5,311,000 after buying an additional 326 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in ePlus by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 5,361 shares of the software maker’s stock worth $421,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.