Key Points
- ePlus COO Darren Raiguel sold 1,000 shares of company stock on May 11 at an average price of $89.95, totaling $89,950. After the sale, he still held 55,748 shares valued at about $5.0 million.
- The transaction reduced Raiguel’s ownership by 1.76% and was disclosed in an SEC filing.
- ePlus shares were trading at $84.28 on Wednesday, with the stock sitting between a 52-week low of $62.11 and high of $93.98. The company carries a market cap of $2.22 billion and an average analyst rating of Buy.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 284 shares of the firm's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $89.32, for a total transaction of $25,366.88. Following the completion of the transaction, the chief operating officer owned 56,748 shares of the company's stock, valued at approximately $5,068,731.36. The trade was a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
ePlus Price Performance
Shares of PLUS opened at $84.28 on Wednesday. ePlus inc. has a one year low of $62.11 and a one year high of $93.98. The company has a 50-day moving average of $80.40 and a two-hundred day moving average of $83.77. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.97 and a beta of 1.04.
Analyst Upgrades and Downgrades
PLUS has been the subject of several recent analyst reports. Zacks Research upgraded shares of ePlus from a "hold" rating to a "strong-buy" rating in a report on Monday, April 6th. Weiss Ratings cut shares of ePlus from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 13th. Finally, Wall Street Zen cut shares of ePlus from a "buy" rating to a "hold" rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Read Our Latest Stock Report on PLUS
Institutional Trading of ePlus
Institutional investors have recently made changes to their positions in the stock. Medina Value Partners LLC acquired a new stake in shares of ePlus during the third quarter worth approximately $2,730,000. Elo Mutual Pension Insurance Co acquired a new stake in shares of ePlus during the third quarter worth approximately $1,161,000. Public Sector Pension Investment Board boosted its holdings in shares of ePlus by 14.8% during the third quarter. Public Sector Pension Investment Board now owns 102,884 shares of the software maker's stock worth $7,306,000 after purchasing an additional 13,225 shares during the period. Andra AP fonden boosted its holdings in shares of ePlus by 285.4% during the third quarter. Andra AP fonden now owns 17,730 shares of the software maker's stock worth $1,259,000 after purchasing an additional 13,130 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in shares of ePlus by 9.0% during the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker's stock worth $14,134,000 after purchasing an additional 13,369 shares during the period. 93.80% of the stock is currently owned by institutional investors and hedge funds.
About ePlus
(
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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