ePlus (NASDAQ:PLUS) CFO Elaine Marion Sells 2,818 Shares of Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 2,818 shares of ePlus stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $95.22, for a total value of $268,329.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

ePlus Trading Up 1.6%

Shares of ePlus stock opened at $92.41 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.02. The stock has a fifty day simple moving average of $84.96 and a 200 day simple moving average of $83.24. ePlus inc. has a 12-month low of $62.11 and a 12-month high of $95.64.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $581.63 million for the quarter, compared to analysts’ expectations of $569.25 million. ePlus had a return on equity of 11.36% and a net margin of 5.24%. On average, analysts predict that ePlus inc. will post 4.66 EPS for the current year.

ePlus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th were issued a $0.27 dividend. This is an increase from ePlus’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 17th. ePlus’s dividend payout ratio is currently 22.31%.

Institutional Investors Weigh In On ePlus

A number of hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised its holdings in ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after acquiring an additional 351 shares during the period. Kestra Advisory Services LLC bought a new position in shares of ePlus in the fourth quarter worth $108,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ePlus in the fourth quarter worth $138,000. US Bancorp DE grew its position in shares of ePlus by 856.4% in the third quarter. US Bancorp DE now owns 1,731 shares of the software maker’s stock valued at $123,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of ePlus in the fourth quarter valued at $163,000. Institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

PLUS has been the topic of several analyst reports. Zacks Research cut shares of ePlus from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About ePlus

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.