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

by · The Cerbat Gem

ePlus inc. (NASDAQ:PLUS – Get Free Report) COO Darren Raiguel sold 384 shares of ePlus stock in a transaction on Monday, September 14th. The shares were sold at an average price of $93.18, for a total value of $35,781.12. Following the completion of the sale, the chief operating officer owned 67,652 shares in the company, valued at $6,303,813.36. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ePlus Trading Up 0.1%

NASDAQ PLUS opened at $92.37 on Thursday. The stock has a market cap of $2.41 billion, a PE ratio of 20.21, a P/E/G ratio of 1.19 and a beta of 0.97. ePlus inc. has a twelve month low of $69.25 and a twelve month high of $98.14. The stock has a fifty day simple moving average of $89.38 and a 200-day simple moving average of $84.25.

ePlus (NASDAQ:PLUS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. Research analysts predict that ePlus inc. will post 4.86 EPS for the current year.

ePlus Dividend Announcement

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

Hedge Funds Weigh In On ePlus

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its stake 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 buying an additional 484 shares during the period. Public Employees Retirement System of Ohio purchased a new position in ePlus in the second quarter worth approximately $51,000. Global Retirement Partners LLC acquired a new position in ePlus during the 2nd quarter worth approximately $150,000. Nykredit A S acquired a new position in ePlus during the 2nd quarter worth approximately $161,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of ePlus in the 2nd quarter valued at approximately $206,000. 93.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on PLUS

ePlus Company Profile

(Get Free Report)

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.

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