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

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $90.83, for a total value of $90,830.00. Following the sale, the chief operating officer owned 68,036 shares in the company, valued at approximately $6,179,709.88. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ePlus Trading Down 0.3%

PLUS stock traded down $0.24 during mid-day trading on Wednesday, reaching $88.58. 171,688 shares of the stock traded hands, compared to its average volume of 210,414. ePlus inc. has a 52-week low of $69.07 and a 52-week high of $98.14. The stock’s fifty day moving average is $85.87 and its 200-day moving average is $83.41. The company has a market cap of $2.31 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.21 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last released its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The business had revenue of $649.11 million for the quarter, compared to the consensus estimate of $639.95 million. Equities research analysts expect that ePlus inc. will post 4.66 earnings per share for the current year.

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, August 25th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus’s dividend payout ratio (DPR) is 23.63%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PLUS. Denali Advisors LLC purchased a new stake in ePlus in the 2nd quarter worth approximately $1,573,000. First National Bank of Omaha acquired a new stake in shares of ePlus during the 2nd quarter valued at $534,000. BlackRock Inc. purchased a new position in shares of ePlus during the 2nd quarter valued at $337,929,000. Deutsche Bank AG purchased a new position in shares of ePlus during the 2nd quarter valued at $2,414,000. Finally, Global Retirement Partners LLC acquired a new position in shares of ePlus in the second quarter worth $150,000. Institutional investors and hedge funds own 93.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on PLUS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About ePlus

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.