ePlus (NASDAQ:PLUS) COO Sells $25,366.88 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 284 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $89.32, for a total transaction of $25,366.88. Following the completion of the transaction, the chief operating officer owned 56,748 shares of the company’s stock, valued at approximately $5,068,731.36. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ePlus Price Performance

PLUS opened at $85.37 on Friday. The company has a 50 day simple moving average of $80.58 and a two-hundred day simple moving average of $83.91. ePlus inc. has a 1-year low of $62.11 and a 1-year high of $93.98. The firm has a market cap of $2.25 billion, a P/E ratio of 16.97, a PEG ratio of 0.91 and a beta of 1.04.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PLUS shares. Wall Street Zen lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Finally, Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On ePlus

A number of hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its stake in ePlus by 592.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,871 shares of the software maker’s stock valued at $818,000 after purchasing an additional 9,300 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in ePlus during the first quarter valued at $474,000. Inceptionr LLC raised its stake in ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock valued at $257,000 after purchasing an additional 190 shares in the last quarter. Sei Investments Co. raised its stake in ePlus by 180.9% during the first quarter. Sei Investments Co. now owns 49,448 shares of the software maker’s stock valued at $3,722,000 after purchasing an additional 31,847 shares in the last quarter. Finally, State of Wyoming raised its stake in ePlus by 55.3% during the first quarter. State of Wyoming now owns 5,517 shares of the software maker’s stock valued at $415,000 after purchasing an additional 1,965 shares in the last quarter. 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.