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

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $91.46, for a total transaction of $91,460.00. Following the sale, the chief operating officer directly owned 66,036 shares in the company, valued at $6,039,652.56. This trade represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ePlus Trading Up 2.3%

Shares of ePlus stock traded up $2.15 during trading hours on Tuesday, reaching $96.61. 213,978 shares of the company’s stock were exchanged, compared to its average volume of 215,393. The company has a 50 day moving average of $92.05 and a two-hundred day moving average of $85.85. ePlus inc. has a fifty-two week low of $73.08 and a fifty-two week high of $98.21. The stock has a market cap of $2.52 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.16 and a beta of 0.95.

ePlus (NASDAQ:PLUS) last posted its quarterly earnings results on Thursday, November 5th. The software maker reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.35. ePlus had a return on equity of 11.51% and a net margin of 4.91%. The firm had revenue of $667.92 million for the quarter, compared to analyst estimates of $636.10 million. As a group, analysts expect that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, November 24th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 24th. ePlus’s payout ratio is 22.45%.

Institutional Trading of ePlus

Several institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its stake in shares of ePlus by 204.2% in the third quarter. Global Retirement Partners LLC now owns 5,485 shares of the software maker’s stock valued at $494,000 after buying an additional 3,682 shares during the period. Aberdeen Group plc bought a new stake in ePlus in the third quarter valued at $3,848,000. William Blair Investment Management LLC acquired a new position in shares of ePlus during the third quarter valued at about $9,278,000. Maryland State Retirement & Pension System raised its stake in ePlus by 50.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 5,708 shares of the software maker’s stock worth $514,000 after buying an additional 1,926 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of ePlus by 47.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 97,147 shares of the software maker’s stock worth $9,024,000 after purchasing an additional 31,363 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLUS. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a report on Tuesday, October 6th. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ePlus Company Profile

ePlus inc. is a technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. Its offerings include data center and cloud infrastructure, networking, cybersecurity, collaboration tools, software and related professional and managed services. The company also provides financing solutions for technology purchases, including leasing and other equipment financing arrangements. Founded in 1990, ePlus serves customers across the United States and the United Kingdom.