Darren Raiguel Sells 284 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 284 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $89.32, for a total value of $25,366.88. Following the transaction, the chief operating officer owned 56,748 shares in the company, valued at approximately $5,068,731.36. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ePlus Price Performance

Shares of PLUS stock traded down $4.72 on Tuesday, hitting $84.28. The stock had a trading volume of 234,695 shares, compared to its average volume of 175,319. The business has a 50 day moving average of $80.40 and a 200 day moving average of $83.77. ePlus inc. has a 12-month low of $62.11 and a 12-month high of $93.98. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.04.

Hedge Funds Weigh In On ePlus

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker’s stock valued at $215,147,000 after purchasing an additional 8,146 shares during the period. Dimensional Fund Advisors LP grew its holdings in ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock valued at $98,604,000 after buying an additional 48,158 shares in the last quarter. State Street Corp grew its holdings in ePlus by 0.9% during the 2nd quarter. State Street Corp now owns 1,019,061 shares of the software maker’s stock valued at $73,474,000 after buying an additional 8,956 shares in the last quarter. American Century Companies Inc. increased its position in shares of ePlus by 8.4% during the third quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker’s stock valued at $71,439,000 after buying an additional 78,160 shares during the period. Finally, AltraVue Capital LLC increased its position in shares of ePlus by 0.7% during the third quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker’s stock valued at $71,215,000 after buying an additional 7,460 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLUS has been the subject of several research analyst reports. Zacks Research raised ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Weiss Ratings downgraded shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Wall Street Zen lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.