Insider Selling: ePlus (NASDAQ:PLUS) COO Sells 1,000 Shares of Stock

Key Points

  • ePlus COO Darren Raiguel sold 1,000 shares at an average price of $90.83, totaling $90,830. He retains 68,036 shares, valued at approximately $6.18 million.
  • 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, representing a 1.2% annualized yield.
  • Wall Street analysts maintain a consensus “Hold” rating, while institutional investors own 93.8% of ePlus shares.

ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $90.83, for a total value of $90,830.00. Following the sale, the chief operating officer owned 68,036 shares of the company's stock, valued at approximately $6,179,709.88. This represents a 1.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

ePlus Stock Down 0.3%

Shares of NASDAQ:PLUS opened at $88.58 on Thursday. ePlus inc. has a twelve month low of $69.07 and a twelve month high of $98.14. The stock's 50 day moving average is $86.03 and its 200-day moving average is $83.41. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.14 and a beta of 1.00.

ePlus (NASDAQ:PLUS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. Equities research analysts anticipate that ePlus inc. will post 4.86 earnings per share for the current fiscal year.

ePlus Announces Dividend




The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. ePlus's dividend payout ratio (DPR) is 23.63%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLUS. Weiss Ratings restated a "hold (c+)" rating on shares of ePlus in a report on Friday, July 10th. Zacks Research upgraded ePlus from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Get Our Latest Analysis on PLUS

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLUS. Osaic Holdings Inc. lifted its position in shares of ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker's stock worth $32,000 after buying an additional 351 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of ePlus in the fourth quarter valued at approximately $108,000. US Bancorp DE increased its position in shares of ePlus by 856.4% during the third quarter. US Bancorp DE now owns 1,731 shares of the software maker's stock valued at $123,000 after acquiring an additional 1,550 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ePlus during the fourth quarter valued at approximately $138,000. Finally, Global Retirement Partners LLC bought a new stake in ePlus during the second quarter worth $150,000. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also

Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at ePlus?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for ePlus and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles