Key Points
- ePlus COO Darren Raiguel sold 139 shares at an average price of $93.38, totaling $12,979.82. He retained 67,043 shares after the transaction.
- ePlus reported quarterly EPS of $1.28, beating analyst expectations of $1.19, while revenue of $649.11 million also exceeded estimates.
- The company paid a quarterly dividend of $0.27 per share, equivalent to a $1.08 annualized payout and a 1.2% yield. Analysts maintain a consensus “Hold” rating, and institutional investors own 93.8% of the stock.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 139 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $93.38, for a total value of $12,979.82. Following the transaction, the chief operating officer directly owned 67,043 shares of the company's stock, valued at approximately $6,260,475.34. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ePlus Stock Performance
PLUS opened at $91.10 on Friday. ePlus inc. has a one year low of $69.25 and a one year high of $98.14. The stock's fifty day moving average is $89.50 and its 200-day moving average is $84.38. The company has a market capitalization of $2.38 billion, a PE ratio of 19.93, a P/E/G ratio of 1.18 and a beta of 0.97.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, beating 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 analyst estimates of $639.95 million. On average, equities research analysts forecast that ePlus inc. will post 4.86 EPS for the current fiscal year.
ePlus Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th were given a $0.27 dividend. 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 23.63%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in PLUS. ProShare Advisors LLC raised its holdings in shares of ePlus by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 5,129 shares of the software maker's stock valued at $450,000 after acquiring an additional 159 shares during the period. Inceptionr LLC boosted its position in shares of ePlus by 5.9% in the first quarter. Inceptionr LLC now owns 3,419 shares of the software maker's stock worth $257,000 after buying an additional 190 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of ePlus by 3.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,544 shares of the software maker's stock worth $662,000 after buying an additional 233 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of ePlus by 2.0% during the first quarter. Illinois Municipal Retirement Fund now owns 14,164 shares of the software maker's stock valued at $1,066,000 after buying an additional 276 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of ePlus by 4.5% during the second quarter. Handelsbanken Fonder AB now owns 6,944 shares of the software maker's stock valued at $578,000 after buying an additional 300 shares in the last quarter. 93.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on PLUS shares. Zacks Research upgraded shares of ePlus from a "strong sell" rating to a "hold" rating in a report on Friday, July 31st. Weiss Ratings restated a "hold (c+)" rating on shares of ePlus in a report on Friday, July 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".
Get Our Latest Research Report on PLUS
ePlus Company Profile
(
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.
Further Reading
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