Insider Selling: ePlus (NASDAQ:PLUS) CFO Sells $15,016.32 in Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 158 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $95.04, for a total value of $15,016.32. Following the sale, the chief financial officer owned 84,101 shares in the company, valued at $7,992,959.04. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ePlus Trading Down 1.0%

PLUS traded down $0.92 on Friday, reaching $94.05. The stock had a trading volume of 195,410 shares, compared to its average volume of 239,563. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. ePlus inc. has a fifty-two week low of $70.75 and a fifty-two week high of $98.14. The firm has a 50-day moving average of $90.41 and a 200-day moving average of $86.58.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $649.11 million for the quarter, compared to analyst estimates of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. Sell-side analysts anticipate that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.08 annualized dividend and a yield of 1.1%. ePlus’s dividend payout ratio (DPR) is currently 23.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a research note on Tuesday, October 6th. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On ePlus

Several institutional investors and hedge funds have recently made changes to their positions in PLUS. Parkside Financial Bank & Trust raised its position in shares of ePlus by 2,104.3% during the second quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock worth $42,000 after acquiring an additional 484 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in ePlus in the second quarter valued at approximately $51,000. GAMMA Investing LLC boosted its holdings in ePlus by 19.3% in the third quarter. GAMMA Investing LLC now owns 940 shares of the software maker’s stock valued at $85,000 after acquiring an additional 152 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in ePlus by 13,366.7% in the third quarter. Fortitude Family Office LLC now owns 1,212 shares of the software maker’s stock valued at $109,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in ePlus during the 2nd quarter valued at approximately $150,000. 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 serves commercial businesses, government agencies, and other institutions with solutions spanning networking, data centers, cloud computing, cybersecurity, collaboration, and digital infrastructure.

Through its technology and professional services businesses, ePlus provides hardware, software, consulting, systems integration, managed services, and IT asset management.