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

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of ePlus stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $91.46, for a total value of $91,460.00. Following the completion of the transaction, the chief operating officer owned 66,036 shares of the company’s stock, valued at approximately $6,039,652.56. The trade was a 1.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ePlus Trading Up 2.3%

Shares of NASDAQ PLUS opened at $96.61 on Wednesday. ePlus inc. has a twelve month low of $73.08 and a twelve month high of $98.21. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The business has a 50 day simple moving average of $92.23 and a 200-day simple moving average of $85.89.

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

ePlus Announces Dividend

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

Hedge Funds Weigh In On ePlus

A number of hedge funds and other institutional investors have recently bought and sold shares of PLUS. BlackRock Inc. bought a new position in shares of ePlus during the second quarter valued at approximately $337,929,000. Dimensional Fund Advisors LP lifted its holdings in shares of ePlus by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker’s stock worth $98,604,000 after purchasing an additional 48,158 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of ePlus by 118.2% in the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker’s stock worth $43,573,000 after purchasing an additional 313,674 shares during the last quarter. Boston Partners boosted its position in ePlus by 29.4% during the 3rd quarter. Boston Partners now owns 319,166 shares of the software maker’s stock valued at $28,857,000 after purchasing an additional 72,511 shares during the period. Finally, Royal Bank of Canada boosted its position in ePlus by 9.6% during the 1st quarter. Royal Bank of Canada now owns 278,636 shares of the software maker’s stock valued at $20,968,000 after purchasing an additional 24,348 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLUS has been the topic of a number of research reports. Zacks Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ePlus in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About ePlus

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.