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.

Large investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan acquired a new position in ePlus in the fourth quarter valued at approximately $283,000. Squarepoint Ops LLC acquired a new position in ePlus in the fourth quarter valued at approximately $312,000. Metropolitan Life Insurance Co. NY lifted its holdings in ePlus by 353.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,410 shares of the software maker’s stock valued at $314,000 after acquiring an additional 3,437 shares during the period. Renaissance Technologies LLC acquired a new position in ePlus in the third quarter valued at approximately $445,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in ePlus in the fourth quarter valued at approximately $371,000. 92.55% of the stock is owned by institutional investors.

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.

COPYRIGHT VIOLATION NOTICE: “ePlus Inc. (PLUS) CFO Sells $456,250.00 in Stock” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/eplus-inc-plus-cfo-sells-456250-00-in-stock/2954119.html.

About ePlus

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.

Read More: Book Value Of Equity Per Share – BVPS Explained

Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

Receive News & Ratings for ePlus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus and related companies with MarketBeat.com's FREE daily email newsletter.