ePlus (NASDAQ:PLUS) CFO Elaine Marion Sells 4,842 Shares of Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 4,842 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $96.33, for a total value of $466,429.86. Following the completion of the sale, the chief financial officer owned 79,259 shares of the company’s stock, valued at $7,635,019.47. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

ePlus Trading Down 2.2%

PLUS stock opened at $94.75 on Thursday. The stock’s 50 day simple moving average is $90.23 and its 200 day simple moving average is $86.39. ePlus inc. has a 12-month low of $70.75 and a 12-month high of $98.14. The firm has a market cap of $2.47 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.25 and a beta of 0.96.

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

ePlus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is presently 23.63%.

Institutional Investors Weigh In On ePlus

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of ePlus by 19.3% during the third quarter. GAMMA Investing LLC now owns 940 shares of the software maker’s stock valued at $85,000 after buying an additional 152 shares during the last quarter. Inceptionr LLC boosted its position in shares of ePlus by 5.9% during the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock worth $257,000 after buying an additional 190 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of ePlus by 2.0% during the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker’s stock worth $1,066,000 after buying an additional 276 shares during the period. Handelsbanken Fonder AB boosted its position in shares of ePlus by 4.5% during the second quarter. Handelsbanken Fonder AB now owns 6,944 shares of the software maker’s stock worth $578,000 after buying an additional 300 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in ePlus by 17.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,115 shares of the software maker’s stock worth $234,000 after buying an additional 462 shares in the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLUS has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research report on Tuesday, October 6th. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About ePlus

ePlus inc. (NASDAQ: PLUS) is a technology solutions provider that helps organizations design, implement, and manage information technology environments. The company serves commercial businesses, government agencies, and other institutions with solutions spanning networking, data centers, cloud computing, cybersecurity, collaboration, and digital infrastructure.

Through its technology and professional services businesses, ePlus provides hardware, software, consulting, systems integration, managed services, and IT asset management.