ePlus (NASDAQ:PLUS) Stock: Insider Elaine Marion Sells 158 Shares

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 158 shares of ePlus stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $95.04, for a total transaction of $15,016.32. Following the completion of the transaction, the chief financial officer owned 84,101 shares of the company’s stock, valued at $7,992,959.04. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ePlus Price Performance

Shares of PLUS opened at $94.97 on Friday. The company has a market capitalization of $2.48 billion, a P/E ratio of 20.78, a PEG ratio of 1.22 and a beta of 0.96. ePlus inc. has a one year low of $70.75 and a one year high of $98.14. The business’s 50 day simple moving average is $90.33 and its 200-day simple moving average is $86.53.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $639.95 million. On average, sell-side analysts anticipate that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PLUS shares. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, ePlus has a consensus rating of “Hold”.

Institutional Investors Weigh In On ePlus

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in ePlus by 2,104.3% in the second quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock valued at $42,000 after acquiring an additional 484 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in ePlus in the second quarter worth about $51,000. GAMMA Investing LLC increased its position in ePlus by 19.3% in the third quarter. GAMMA Investing LLC now owns 940 shares of the software maker’s stock worth $85,000 after purchasing an additional 152 shares during the period. Fortitude Family Office LLC raised its holdings in ePlus by 13,366.7% during the 3rd quarter. Fortitude Family Office LLC now owns 1,212 shares of the software maker’s stock worth $109,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in ePlus during the 2nd quarter worth about $150,000. 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 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.