Darren Raiguel Sells 384 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 384 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $93.18, for a total transaction of $35,781.12. Following the transaction, the chief operating officer owned 67,652 shares of the company’s stock, valued at approximately $6,303,813.36. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ePlus Stock Performance

Shares of PLUS opened at $92.04 on Friday. The company has a 50-day simple moving average of $89.47 and a 200-day simple moving average of $84.33. ePlus inc. has a 52 week low of $69.25 and a 52 week high of $98.14. The firm has a market capitalization of $2.40 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.19 and a beta of 0.97.

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

ePlus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is presently 23.63%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLUS shares. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a report on Friday, July 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Investors Weigh In On ePlus

Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in ePlus by 2,104.3% in the second quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock valued at $42,000 after buying an additional 484 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of ePlus in the second quarter valued at approximately $51,000. Global Retirement Partners LLC bought a new position in shares of ePlus in the second quarter valued at approximately $150,000. Nykredit A S acquired a new position in shares of ePlus in the 2nd quarter worth approximately $161,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of ePlus in the 4th quarter worth approximately $208,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

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.