ePlus (NASDAQ:PLUS) COO Sells 470 Shares

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 470 shares of ePlus stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $93.11, for a total transaction of $43,761.70. Following the sale, the chief operating officer directly owned 67,182 shares of the company’s stock, valued at $6,255,316.02. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ePlus Stock Performance

PLUS traded up $0.13 during trading on Wednesday, reaching $92.37. The stock had a trading volume of 347,758 shares, compared to its average volume of 208,117. The stock has a market cap of $2.41 billion, a PE ratio of 20.21, a PEG ratio of 1.19 and a beta of 0.97. ePlus inc. has a one year low of $69.25 and a one year high of $98.14. The business has a 50-day moving average of $89.24 and a 200-day moving average of $84.16.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The firm had revenue of $649.11 million during the quarter, compared to analyst estimates of $639.95 million. Equities research analysts forecast that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be given 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 payout ratio is presently 23.63%.

Analysts Set New Price Targets

A number of brokerages have commented on PLUS. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings restated 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in ePlus during the 2nd quarter valued at about $337,929,000. Dimensional Fund Advisors LP increased its stake in ePlus by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after purchasing an additional 48,158 shares during the period. First Trust Advisors LP lifted its position in ePlus by 118.2% in the first quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after purchasing an additional 313,674 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in ePlus in the fourth quarter valued at approximately $24,681,000. Finally, Royal Bank of Canada boosted its stake in shares of ePlus by 9.6% during the first quarter. Royal Bank of Canada now owns 278,636 shares of the software maker’s stock valued at $20,968,000 after purchasing an additional 24,348 shares during the period. 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 organizations design, implement and manage information technology environments. The company provides products and services spanning data center infrastructure, networking, cybersecurity, cloud computing, collaboration and unified communications, and digital transformation. Its offerings include hardware, software, professional services and ongoing managed services.

ePlus works with businesses, government agencies, educational institutions and healthcare organizations.