Darren Raiguel Sells 311 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 311 shares of ePlus stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $88.69, for a total transaction of $27,582.59. Following the completion of the sale, the chief operating officer directly owned 57,037 shares of the company’s stock, valued at approximately $5,058,611.53. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ePlus Price Performance

Shares of PLUS opened at $82.09 on Friday. ePlus inc. has a one year low of $53.83 and a one year high of $93.98. The company has a market cap of $2.17 billion, a PE ratio of 16.32, a P/E/G ratio of 1.08 and a beta of 1.01. The stock has a 50-day moving average of $87.84 and a 200-day moving average of $79.71.

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

ePlus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 24th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.2%. ePlus’s dividend payout ratio (DPR) is presently 19.88%.

Analyst Upgrades and Downgrades

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

Institutional Trading of ePlus

Several institutional investors and hedge funds have recently made changes to their positions in PLUS. Jane Street Group LLC boosted its holdings in ePlus by 78.3% during the fourth quarter. Jane Street Group LLC now owns 106,297 shares of the software maker’s stock worth $9,322,000 after purchasing an additional 46,677 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of ePlus during the 4th quarter worth approximately $1,515,000. Elevation Point Wealth Partners LLC purchased a new position in shares of ePlus in the 4th quarter worth approximately $206,000. Campbell & CO Investment Adviser LLC bought a new position in shares of ePlus in the fourth quarter valued at approximately $1,277,000. Finally, Bank of Montreal Can bought a new position in shares of ePlus in the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

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.