ePlus inc. (NASDAQ:PLUS - Get Free Report) CFO Elaine Marion sold 2,818 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $95.22, for a total value of $268,329.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
ePlus Price Performance
PLUS opened at $92.41 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.02. ePlus inc. has a one year low of $62.11 and a one year high of $95.64. The company has a fifty day moving average price of $84.96 and a 200-day moving average price of $83.24.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.02. The company had revenue of $581.63 million for the quarter, compared to the consensus estimate of $569.25 million. ePlus had a return on equity of 11.36% and a net margin of 5.24%. On average, analysts expect that ePlus inc. will post 4.66 earnings per share for the current year.
ePlus Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th were paid a $0.27 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. This is an increase from ePlus's previous quarterly dividend of $0.25. ePlus's dividend payout ratio is currently 22.31%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PLUS. Weiss Ratings reiterated a "hold (c+)" rating on shares of ePlus in a research report on Friday, July 10th. Zacks Research cut shares of ePlus from a "hold" rating to a "strong sell" rating in a research report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".
Read Our Latest Stock Analysis on ePlus
Institutional Trading of ePlus
Hedge funds have recently bought and sold shares of the company. Amundi boosted its holdings in ePlus by 333.0% during the 1st quarter. Amundi now owns 5,361 shares of the software maker's stock valued at $313,000 after acquiring an additional 4,123 shares during the period. AQR Capital Management LLC increased its stake in ePlus by 20.4% in the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker's stock worth $2,784,000 after purchasing an additional 7,742 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ePlus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker's stock worth $956,000 after purchasing an additional 687 shares during the period. Millennium Management LLC lifted its position in ePlus by 103.1% in the first quarter. Millennium Management LLC now owns 226,399 shares of the software maker's stock valued at $13,817,000 after purchasing an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker's stock valued at $187,000 after purchasing an additional 2,645 shares during the period. Institutional investors own 93.80% of the company's stock.
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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