ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 200 Shares

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $98.00, for a total transaction of $19,600.00. Following the sale, the chief operating officer owned 69,036 shares in the company, valued at $6,765,528. The trade was a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

ePlus Stock Down 4.5%

Shares of NASDAQ:PLUS opened at $90.35 on Friday. ePlus inc. has a fifty-two week low of $62.42 and a fifty-two week high of $98.14. The firm’s 50 day moving average price is $85.47 and its 200 day moving average price is $83.37. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The company had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. On average, equities analysts anticipate that ePlus inc. will post 4.66 EPS for the current year.

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus’s dividend payout ratio is 23.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLUS. Tributary Capital Management LLC raised its holdings in shares of ePlus by 9.0% in the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock valued at $14,134,000 after buying an additional 13,369 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in ePlus by 63.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 51,815 shares of the software maker’s stock valued at $4,489,000 after acquiring an additional 20,163 shares during the last quarter. Vest Financial LLC acquired a new stake in ePlus during the 4th quarter worth approximately $1,511,000. Comerica Bank increased its holdings in shares of ePlus by 74.9% in the fourth quarter. Comerica Bank now owns 69,187 shares of the software maker’s stock valued at $6,068,000 after purchasing an additional 29,631 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ePlus by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after purchasing an additional 48,158 shares during the period. 93.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLUS has been the subject of a number of recent analyst reports. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ePlus has an average rating of “Hold”.

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.