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 Monday, November 9th. The stock was sold at an average price of $94.68, for a total value of $94,680.00. Following the completion of the sale, the chief operating officer owned 65,036 shares in the company, valued at $6,157,608.48. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ePlus Trading Up 0.6%

Shares of ePlus stock opened at $97.19 on Thursday. The stock has a 50 day moving average of $92.44 and a 200 day moving average of $85.94. ePlus inc. has a 12 month low of $73.08 and a 12 month high of $98.92. The firm has a market cap of $2.52 billion, a PE ratio of 19.64, a PEG ratio of 1.42 and a beta of 0.95.

ePlus (NASDAQ:PLUS) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.35. ePlus had a return on equity of 11.93% and a net margin of 5.02%. The business had revenue of $667.92 million during the quarter, compared to analysts’ expectations of $636.10 million. As a group, equities research analysts forecast that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date is Tuesday, November 24th. ePlus’s dividend payout ratio is currently 22.45%.

Wall Street Analyst Weigh In

PLUS has been the subject of a number of recent research reports. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. USS Investment Management Ltd purchased a new stake in shares of ePlus in the third quarter valued at $234,000. Boston Partners boosted its stake in shares of ePlus by 29.4% during the 3rd quarter. Boston Partners now owns 319,166 shares of the software maker’s stock worth $28,857,000 after purchasing an additional 72,511 shares during the period. Global Retirement Partners LLC boosted its stake in shares of ePlus by 204.2% during the 3rd quarter. Global Retirement Partners LLC now owns 5,485 shares of the software maker’s stock worth $494,000 after purchasing an additional 3,682 shares during the period. Aberdeen Group plc bought a new position in ePlus during the 3rd quarter valued at about $3,848,000. Finally, William Blair Investment Management LLC bought a new position in ePlus during the 3rd quarter valued at about $9,278,000. Institutional investors own 93.80% of the company’s stock.

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.