Key Points
- ePlus COO Darren Raiguel sold 384 shares at an average price of $93.18, generating $35,781.12 and reducing his direct holdings by 0.56% to 67,652 shares.
- ePlus reported quarterly EPS of $1.28, beating estimates by $0.09, while revenue of $649.11 million also exceeded expectations. The company pays a quarterly dividend of $0.27 per share, equivalent to a 1.2% yield.
- Shares opened at $92.37, near their 52-week high of $98.14, and analysts maintain an average “Hold” rating. Institutional investors own 93.8% of the company.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 384 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $93.18, for a total value of $35,781.12. Following the completion of the transaction, the chief operating officer directly owned 67,652 shares in the company, valued at $6,303,813.36. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
ePlus Price Performance
ePlus stock opened at $92.37 on Thursday. The stock has a market cap of $2.41 billion, a PE ratio of 20.21, a P/E/G ratio of 1.19 and a beta of 0.97. The stock's fifty day moving average is $89.38 and its two-hundred day moving average is $84.25. ePlus inc. has a 1-year low of $69.25 and a 1-year high of $98.14.
ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.09. ePlus had a return on equity of 11.51% and a net margin of 4.91%.The business had revenue of $649.11 million during the quarter, compared to analysts' expectations of $639.95 million. On average, research analysts expect that ePlus inc. will post 4.86 earnings per share for the current fiscal year.
ePlus Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 25th. This represents a $1.08 annualized dividend and a yield of 1.2%. ePlus's payout ratio is presently 23.63%.
Analyst Upgrades and Downgrades
PLUS has been the topic of several recent analyst reports. Zacks Research upgraded shares of ePlus from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Weiss Ratings restated a "hold (c+)" rating on shares of ePlus in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on PLUS
Institutional Trading of ePlus
A number of hedge funds and other institutional investors have recently made changes to their positions in PLUS. BlackRock Inc. acquired a new stake in shares of ePlus during the second quarter worth about $337,929,000. Dimensional Fund Advisors LP boosted its position in shares of ePlus by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker's stock valued at $98,604,000 after purchasing an additional 48,158 shares during the period. First Trust Advisors LP boosted its position in shares of ePlus by 118.2% in the 1st quarter. First Trust Advisors LP now owns 579,047 shares of the software maker's stock valued at $43,573,000 after purchasing an additional 313,674 shares during the period. Neumeier Poma Investment Counsel LLC purchased a new position in ePlus during the 4th quarter worth approximately $24,681,000. Finally, Royal Bank of Canada grew its stake in ePlus by 9.6% during the 1st quarter. Royal Bank of Canada now owns 278,636 shares of the software maker's stock worth $20,968,000 after buying an additional 24,348 shares during the last quarter. 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 organizations design, implement and manage information technology environments. The company provides products and services spanning data center infrastructure, networking, cybersecurity, cloud computing, collaboration and unified communications, and digital transformation. Its offerings include hardware, software, professional services and ongoing managed services.
ePlus works with businesses, government agencies, educational institutions and healthcare organizations.
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