Key Points
- ePlus COO Darren Raiguel sold 200 shares at an average price of $98, generating $19,600; his remaining stake totaled 69,036 shares.
- ePlus reported quarterly EPS of $1.28, beating estimates of $1.19, while revenue of $649.11 million also exceeded expectations.
- The company declared a quarterly dividend of $0.27 per share, or $1.08 annually, representing a 1.2% yield; analysts maintain an overall “Hold” rating.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 200 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $98.00, for a total transaction of $19,600.00. Following the completion of the sale, the chief operating officer owned 69,036 shares of the company's stock, valued at $6,765,528. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
ePlus Stock Down 4.5%
Shares of NASDAQ:PLUS opened at $90.35 on Friday. ePlus inc. has a fifty-two week low of $62.42 and a fifty-two week high of $98.14. The firm's 50-day simple moving average is $85.47 and its 200-day simple moving average is $83.37. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.00.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.09. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The firm had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. On average, research analysts forecast that ePlus inc. will post 4.66 EPS for the current year.
ePlus Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. ePlus's payout ratio is 23.63%.
Wall Street Analyst Weigh In
A number of research firms have commented on PLUS. Weiss Ratings reissued a "hold (c+)" rating on shares of ePlus in a report on Friday, July 10th. Zacks Research raised shares of ePlus from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".
View Our Latest Research Report on PLUS
Institutional Investors Weigh In On ePlus
Several institutional investors have recently modified their holdings of the company. Amundi increased its stake in ePlus by 333.0% in the 1st quarter. Amundi now owns 5,361 shares of the software maker's stock valued at $313,000 after purchasing an additional 4,123 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of ePlus by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker's stock worth $2,784,000 after buying an additional 7,742 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 buying an additional 687 shares in the last quarter. Millennium Management LLC grew its stake in ePlus by 103.1% in the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker's stock valued at $13,817,000 after acquiring an additional 114,900 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in ePlus by 628.3% during the first quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker's stock worth $187,000 after acquiring an additional 2,645 shares during the last quarter. Hedge funds and other 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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