ePlus (NASDAQ:PLUS) CFO Sells $158,660.16 in Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 1,668 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $95.12, for a total transaction of $158,660.16. Following the completion of the transaction, the chief financial officer owned 89,773 shares of the company’s stock, valued at $8,539,207.76. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ePlus Stock Performance

NASDAQ:PLUS opened at $89.58 on Friday. ePlus inc. has a fifty-two week low of $67.00 and a fifty-two week high of $98.14. The stock has a market capitalization of $2.34 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.21 and a beta of 1.00. The company’s 50-day simple moving average is $85.62 and its 200-day simple moving average is $83.41.

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

ePlus Dividend Announcement

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

Analysts Set New Price Targets

PLUS has been the topic of a number of research analyst reports. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 period. Kestra Advisory Services LLC purchased a new position in shares of ePlus in the fourth quarter worth about $108,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ePlus in the fourth quarter worth about $138,000. US Bancorp DE raised its stake in shares of ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock worth $123,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of ePlus during the second quarter worth about $150,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

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.