ePlus inc. (NASDAQ:PLUS - Get Free Report) Director John Callies sold 500 shares of ePlus stock in a transaction on Friday, August 14th. The stock was sold at an average price of $88.09, for a total value of $44,045.00. Following the sale, the director owned 20,648 shares of the company's stock, valued at approximately $1,818,882.32. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
ePlus Trading Down 2.0%
NASDAQ PLUS opened at $86.78 on Tuesday. The stock has a market cap of $2.26 billion, a PE ratio of 18.99, a PEG ratio of 1.14 and a beta of 1.00. ePlus inc. has a 12 month low of $69.07 and a 12 month high of $98.14. The company's 50-day moving average price is $86.38 and its 200-day moving average price is $83.44.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping 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 business had revenue of $649.11 million for the quarter, compared to the consensus estimate of $639.95 million. As a group, sell-side analysts forecast that ePlus inc. will post 4.86 earnings per share for the current year.
ePlus Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 25th. ePlus's dividend payout ratio is currently 23.63%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on PLUS shares. Weiss Ratings restated a "hold (c+)" rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research raised shares of ePlus from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ePlus presently has an average rating of "Hold".
Read Our Latest Research Report on PLUS
Institutional Trading of ePlus
A number of institutional investors have recently made changes to their positions in the business. Caitlin John LLC acquired a new position in ePlus during the 2nd quarter valued at about $352,000. Public Employees Retirement System of Ohio acquired a new stake in ePlus in the 2nd quarter worth approximately $51,000. Bank of America Corp DE purchased a new stake in ePlus during the 2nd quarter worth approximately $9,796,000. Freestone Grove Partners LP purchased a new position in shares of ePlus in the second quarter worth $452,000. Finally, Jupiter Topco LLC purchased a new position in shares of ePlus in the second quarter worth $975,000. Institutional investors and hedge funds 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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