ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 311 Shares

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

ePlus Price Performance

PLUS stock traded down $2.44 during midday trading on Wednesday, hitting $83.91. The company’s stock had a trading volume of 156,154 shares, compared to its average volume of 157,284. The company’s fifty day moving average price is $88.08 and its 200 day moving average price is $79.66. ePlus inc. has a twelve month low of $53.83 and a twelve month high of $93.98. The stock has a market capitalization of $2.21 billion, a P/E ratio of 16.68, a PEG ratio of 1.12 and a beta of 1.01.

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

ePlus Dividend Announcement

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

Institutional Trading of ePlus

Several large investors have recently modified their holdings of PLUS. Atria Investments Inc bought a new position in ePlus in the 2nd quarter valued at about $218,000. Cresset Asset Management LLC raised its position in ePlus by 50.3% during the second quarter. Cresset Asset Management LLC now owns 27,483 shares of the software maker’s stock valued at $1,982,000 after purchasing an additional 9,198 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in ePlus during the second quarter worth $703,000. London Co. of Virginia increased its stake in shares of ePlus by 4.2% in the 2nd quarter. London Co. of Virginia now owns 301,615 shares of the software maker’s stock valued at $21,747,000 after purchasing an additional 12,050 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of ePlus by 7.2% during the 2nd quarter. American Century Companies Inc. now owns 927,875 shares of the software maker’s stock worth $66,900,000 after buying an additional 62,557 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on PLUS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a report on Thursday, January 22nd. Wall Street Zen lowered shares of ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ePlus presently has an average rating of “Hold”.

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.