ePlus Inc. (PLUS) CFO Sells $456,250.00 in Stock
ePlus Inc. (NASDAQ:PLUS) CFO Elaine D. Marion sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $91.25, for a total value of $456,250.00. Following the completion of the sale, the chief financial officer now owns 66,967 shares in the company, valued at approximately $6,110,738.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:PLUS opened at $93.01 on Thursday. ePlus Inc. has a 12-month low of $65.52 and a 12-month high of $107.25. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 22.19 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.70 and a quick ratio of 1.56.
ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Wednesday, February 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.12. ePlus had a return on equity of 16.64% and a net margin of 4.14%. The company had revenue of $345.66 million during the quarter, compared to the consensus estimate of $340.40 million. On average, sell-side analysts anticipate that ePlus Inc. will post 4.49 EPS for the current year.
PLUS has been the topic of a number of recent research reports. BidaskClub upgraded ePlus from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research lowered ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded ePlus from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $99.00.
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ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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