ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 1,000 Shares of Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of ePlus stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $90.83, for a total value of $90,830.00. Following the completion of the sale, the chief operating officer directly owned 68,036 shares in the company, valued at approximately $6,179,709.88. This represents a 1.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ePlus Stock Performance

PLUS opened at $88.58 on Thursday. The business’s 50-day simple moving average is $86.03 and its 200 day simple moving average is $83.41. ePlus inc. has a 52-week low of $69.07 and a 52-week high of $98.14. The firm has a market capitalization of $2.31 billion, a PE ratio of 19.38, a PEG ratio of 1.14 and a beta of 1.00.

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

ePlus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. ePlus’s dividend payout ratio (DPR) is currently 23.63%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its stake in ePlus by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker’s stock worth $450,000 after buying an additional 159 shares during the last quarter. Inceptionr LLC increased its stake in shares of ePlus by 5.9% in the 1st quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock valued at $257,000 after acquiring an additional 190 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ePlus by 3.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker’s stock valued at $662,000 after acquiring an additional 233 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in ePlus by 6.9% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,859 shares of the software maker’s stock worth $338,000 after acquiring an additional 250 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in ePlus by 0.8% in the second quarter. Lazard Asset Management LLC now owns 31,946 shares of the software maker’s stock worth $2,303,000 after purchasing an additional 266 shares during the period. 93.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLUS shares. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ePlus Company Profile

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.