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

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $89.95, for a total value of $89,950.00. Following the sale, the chief operating officer directly owned 55,748 shares in the company, valued at $5,014,532.60. This trade represents a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ePlus Stock Down 1.3%

Shares of PLUS opened at $83.22 on Thursday. The business’s 50-day moving average price is $80.47 and its 200-day moving average price is $83.83. The stock has a market cap of $2.20 billion, a PE ratio of 16.54, a P/E/G ratio of 0.92 and a beta of 1.04. ePlus inc. has a twelve month low of $62.11 and a twelve month high of $93.98.

Institutional Trading of ePlus

Large investors have recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of ePlus by 180.9% during the first quarter. Sei Investments Co. now owns 49,448 shares of the software maker’s stock valued at $3,722,000 after purchasing an additional 31,847 shares in the last quarter. State of Wyoming raised its holdings in ePlus by 55.3% in the first quarter. State of Wyoming now owns 5,517 shares of the software maker’s stock worth $415,000 after purchasing an additional 1,965 shares in the last quarter. Cetera Investment Advisers lifted its position in ePlus by 4.9% during the first quarter. Cetera Investment Advisers now owns 11,042 shares of the software maker’s stock valued at $831,000 after buying an additional 518 shares during the period. First Citizens Bank & Trust Co. purchased a new position in ePlus during the first quarter valued at $276,000. Finally, First Trust Advisors LP boosted its holdings in shares of ePlus by 118.2% during the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock valued at $43,573,000 after buying an additional 313,674 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings cut shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Zacks Research upgraded ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Wall Street Zen lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

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.