ePlus (NASDAQ:PLUS) Stock: Insider Darren Raiguel Sells 1,485 Shares

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,485 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $98.52, for a total value of $146,302.20. Following the completion of the sale, the chief operating officer owned 60,768 shares in the company, valued at $5,986,863.36. This represents a 2.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ePlus Trading Down 0.7%

PLUS traded down $0.69 during mid-day trading on Friday, hitting $96.44. 180,683 shares of the stock were exchanged, compared to its average volume of 254,617. The firm’s fifty day moving average is $92.75 and its two-hundred day moving average is $86.05. ePlus inc. has a 1-year low of $73.08 and a 1-year high of $99.64. The company has a market cap of $2.51 billion, a PE ratio of 20.05, a PEG ratio of 1.43 and a beta of 0.95.

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

ePlus Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Trading of ePlus

Hedge funds have recently modified their holdings of the stock. Entropy Technologies LP purchased a new stake in ePlus during the 3rd quarter worth about $965,000. Pathstone Holdings LLC acquired a new stake in ePlus in the 3rd quarter valued at about $201,000. Marshall Wace LLP raised its position in ePlus by 1,746.5% in the 3rd quarter. Marshall Wace LLP now owns 135,622 shares of the software maker’s stock valued at $12,207,000 after purchasing an additional 128,277 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of ePlus in the 3rd quarter valued at about $693,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of ePlus by 2.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 9,368 shares of the software maker’s stock valued at $843,000 after buying an additional 211 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.

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.