Key Points
- COO Darren Raiguel sold 400 shares at an average price of $88.05 on Feb. 9 for $35,220, lowering his holdings to 57,348 shares (a 0.69% stake decrease); the transaction was disclosed in SEC Form 4.
- ePlus beat quarterly estimates, reporting EPS of $1.45 vs. $1.01 expected and revenue of $614.77M vs. $529.6M, with a market cap around $2.21B and a P/E of 16.68.
- The company declared a quarterly dividend of $0.25 (annualized $1.00, yield ~1.2%), while analysts' consensus rating is "Hold" and institutional investors own about 93.8% of the stock.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 311 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $88.69, for a total transaction of $27,582.59. Following the sale, the chief operating officer owned 57,037 shares in the company, valued at approximately $5,058,611.53. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ePlus Trading Down 2.8%
PLUS opened at $83.91 on Thursday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.11 and a beta of 1.01. ePlus inc. has a 12 month low of $53.83 and a 12 month high of $93.98. The firm's fifty day simple moving average is $88.00 and its 200 day simple moving average is $79.69.
ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The software maker reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.44. The firm had revenue of $614.77 million for the quarter, compared to the consensus estimate of $529.60 million. ePlus had a return on equity of 12.06% and a net margin of 5.63%. On average, equities research analysts predict that ePlus inc. will post 3.78 EPS for the current fiscal year.
ePlus Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, February 24th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, February 24th. This represents a $1.00 annualized dividend and a yield of 1.2%. ePlus's payout ratio is presently 19.88%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on PLUS. Weiss Ratings reiterated a "hold (c+)" rating on shares of ePlus in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of ePlus from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of ePlus from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".
Check Out Our Latest Research Report on PLUS
Hedge Funds Weigh In On ePlus
A number of institutional investors have recently added to or reduced their stakes in PLUS. Vanguard Group Inc. lifted its stake in shares of ePlus by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,453,215 shares of the software maker's stock worth $215,147,000 after buying an additional 8,146 shares during the last quarter. River Road Asset Management LLC raised its holdings in ePlus by 17.2% in the 2nd quarter. River Road Asset Management LLC now owns 1,624,923 shares of the software maker's stock valued at $117,157,000 after acquiring an additional 238,070 shares during the period. State Street Corp lifted its position in ePlus by 0.9% during the second quarter. State Street Corp now owns 1,019,061 shares of the software maker's stock worth $73,474,000 after acquiring an additional 8,956 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ePlus by 8.4% during the third quarter. American Century Companies Inc. now owns 1,006,035 shares of the software maker's stock worth $71,439,000 after acquiring an additional 78,160 shares during the period. Finally, AltraVue Capital LLC grew its position in shares of ePlus by 0.7% in the third quarter. AltraVue Capital LLC now owns 1,002,883 shares of the software maker's stock valued at $71,215,000 after purchasing an additional 7,460 shares during the last quarter. 93.80% of the stock is currently owned by institutional investors and hedge funds.
ePlus Company Profile
(
Get Free Report)
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.
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