ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 470 Shares

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 470 shares of ePlus stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $93.11, for a total transaction of $43,761.70. Following the completion of the sale, the chief operating officer owned 67,182 shares in the company, valued at $6,255,316.02. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ePlus Price Performance

Shares of NASDAQ:PLUS opened at $92.37 on Thursday. The company’s 50-day moving average price is $89.38 and its two-hundred day moving average price is $84.25. ePlus inc. has a one year low of $69.25 and a one year high of $98.14. The stock has a market capitalization of $2.41 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.97.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The company had revenue of $649.11 million during the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. On average, analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Announces Dividend

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

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in ePlus in the second quarter valued at approximately $337,929,000. Dimensional Fund Advisors LP increased its holdings in shares of ePlus by 3.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after acquiring an additional 48,158 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of ePlus by 118.2% during the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after acquiring an additional 313,674 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new stake in ePlus in the 4th quarter valued at $24,681,000. Finally, Royal Bank of Canada raised its stake in ePlus by 9.6% in the 1st quarter. Royal Bank of Canada now owns 278,636 shares of the software maker’s stock valued at $20,968,000 after acquiring an additional 24,348 shares during the period. Institutional investors own 93.80% of the company’s stock.

Analyst Ratings Changes

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

ePlus Company Profile

ePlus inc. (NASDAQ: PLUS) is a technology solutions provider that helps organizations design, implement and manage information technology environments. The company provides products and services spanning data center infrastructure, networking, cybersecurity, cloud computing, collaboration and unified communications, and digital transformation. Its offerings include hardware, software, professional services and ongoing managed services.

ePlus works with businesses, government agencies, educational institutions and healthcare organizations.