Insider Selling: ePlus Inc. (PLUS) CFO Sells 3,000 Shares of Stock
ePlus Inc. (NASDAQ:PLUS) CFO Elaine D. Marion sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $80.45, for a total value of $241,350.00. Following the completion of the sale, the chief financial officer now directly owns 74,568 shares in the company, valued at $5,998,995.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ePlus Inc. (PLUS) traded up $1.70 during trading on Friday, reaching $81.45. The company’s stock had a trading volume of 80,467 shares, compared to its average volume of 77,663. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. ePlus Inc. has a twelve month low of $54.28 and a twelve month high of $97.75. The company has a market capitalization of $1,130.18, a P/E ratio of 20.37 and a beta of 1.28.
ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, November 2nd. The software maker reported $1.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. ePlus had a return on equity of 15.52% and a net margin of 3.85%. equities analysts expect that ePlus Inc. will post 4 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. boosted its holdings in ePlus by 102.0% in the second quarter. Pinebridge Investments L.P. now owns 1,735 shares of the software maker’s stock worth $128,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of ePlus by 66.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the software maker’s stock valued at $188,000 after purchasing an additional 1,000 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of ePlus during the second quarter valued at $207,000. Piedmont Investment Advisors LLC bought a new position in shares of ePlus during the second quarter valued at $213,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of ePlus during the third quarter valued at $222,000. 89.74% of the stock is currently owned by institutional investors and hedge funds.
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ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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