ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 2,783 Shares of Company Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 2,783 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $98.12, for a total transaction of $273,067.96. Following the transaction, the chief operating officer owned 62,253 shares in the company, valued at approximately $6,108,264.36. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ePlus Price Performance

NASDAQ PLUS traded down $0.69 during trading on Friday, reaching $96.44. 180,683 shares of the company’s stock traded hands, compared to its average volume of 215,374. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The company’s 50 day simple moving average is $92.63 and its two-hundred day simple moving average is $85.99. ePlus inc. has a 12-month low of $73.08 and a 12-month high of $99.64.

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

ePlus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Tuesday, November 24th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 24th. ePlus’s dividend payout ratio (DPR) is presently 22.45%.

Analysts Set New Price Targets

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

Institutional Trading of ePlus

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of ePlus by 19.3% during the 3rd quarter. GAMMA Investing LLC now owns 940 shares of the software maker’s stock valued at $85,000 after buying an additional 152 shares during the period. Inceptionr LLC grew its position in ePlus by 5.9% in the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker’s stock worth $257,000 after acquiring an additional 190 shares during the period. State Board of Administration of Florida Retirement System grew its position in ePlus by 2.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 9,368 shares of the software maker’s stock worth $843,000 after acquiring an additional 211 shares during the period. Illinois Municipal Retirement Fund grew its position in ePlus by 2.0% in the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker’s stock worth $1,066,000 after acquiring an additional 276 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in ePlus by 4.5% during the second quarter. Handelsbanken Fonder AB now owns 6,944 shares of the software maker’s stock worth $578,000 after acquiring an additional 300 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors.

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.