ePlus Inc. (NASDAQ:PLUS) CEO Mark P. Marron sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $100.99, for a total value of $2,019,800.00. Following the completion of the sale, the chief executive officer now directly owns 99,752 shares of the company’s stock, valued at $10,073,954.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PLUS stock traded down $0.65 during midday trading on Tuesday, reaching $99.10. The company had a trading volume of 32,700 shares, compared to its average volume of 79,789. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. ePlus Inc. has a fifty-two week low of $67.65 and a fifty-two week high of $107.25. The company has a market cap of $1.40 billion, a P/E ratio of 23.48 and a beta of 1.15.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, August 8th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.11. The business had revenue of $356.53 million during the quarter, compared to the consensus estimate of $346.55 million. ePlus had a return on equity of 16.05% and a net margin of 4.07%. analysts expect that ePlus Inc. will post 5.29 EPS for the current fiscal year.

Several brokerages recently weighed in on PLUS. BidaskClub raised ePlus from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Stifel Nicolaus restated a “hold” rating and issued a $95.00 target price on shares of ePlus in a research note on Monday, July 23rd. Finally, ValuEngine downgraded ePlus from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. ePlus presently has an average rating of “Hold” and an average target price of $107.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. Acadian Asset Management LLC acquired a new stake in ePlus in the second quarter worth approximately $123,000. Itau Unibanco Holding S.A. acquired a new stake in ePlus in the second quarter worth approximately $161,000. SG Americas Securities LLC bought a new position in shares of ePlus in the first quarter valued at $171,000. Amalgamated Bank bought a new position in shares of ePlus in the second quarter valued at $209,000. Finally, MAI Capital Management bought a new position in shares of ePlus in the second quarter valued at $210,000. Hedge funds and other institutional investors own 91.88% of the company’s stock.

About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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