Key Points
- CFO Elaine Marion sold 4,842 ePlus shares at an average price of $96.33, generating approximately $466,430. The sale reduced her direct holdings by 5.76% to 79,259 shares.
- ePlus shares opened at $94.75 after declining 2.2%, trading near their 52-week high of $98.14. The company recently exceeded quarterly expectations, reporting $1.28 in EPS versus a $1.19 consensus and revenue of $649.11 million.
- Analysts maintain a consensus “Hold” rating, while institutional investors own 93.8% of the stock. ePlus also pays a quarterly dividend of $0.27 per share, representing a 1.1% yield.
ePlus inc. (NASDAQ:PLUS - Get Free Report) CFO Elaine Marion sold 158 shares of the firm's stock in a transaction on Monday, October 12th. The shares were sold at an average price of $95.04, for a total value of $15,016.32. Following the sale, the chief financial officer directly owned 84,101 shares of the company's stock, valued at $7,992,959.04. This represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ePlus Stock Performance
Shares of PLUS opened at $94.75 on Thursday. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.25 and a beta of 0.96. The stock has a fifty day moving average price of $90.23 and a two-hundred day moving average price of $86.39. ePlus inc. has a 52-week low of $70.75 and a 52-week high of $98.14.
ePlus (NASDAQ:PLUS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.19 by $0.09. The company had revenue of $649.11 million for the quarter, compared to analysts' expectations of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. As a group, research analysts predict that ePlus inc. will post 4.86 EPS for the current fiscal year.
ePlus Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Tuesday, August 25th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. ePlus's payout ratio is currently 23.63%.
Analyst Ratings Changes
PLUS has been the topic of several recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of ePlus in a report on Tuesday, October 6th. Zacks Research upgraded ePlus from a "strong sell" rating to a "hold" rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, ePlus currently has a consensus rating of "Hold".
Check Out Our Latest Research Report on ePlus
Hedge Funds Weigh In On ePlus
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of ePlus during the second quarter worth $337,929,000. Dimensional Fund Advisors LP boosted its holdings in ePlus by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,310,378 shares of the software maker's stock worth $98,604,000 after buying an additional 48,158 shares during the last quarter. First Trust Advisors LP boosted its holdings in ePlus by 118.2% during the first quarter. First Trust Advisors LP now owns 579,047 shares of the software maker's stock worth $43,573,000 after buying an additional 313,674 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in ePlus during the second quarter worth about $22,888,250. Finally, Royal Bank of Canada grew its position in shares of 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 period. 93.80% of the stock is owned by institutional investors.
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 serves commercial businesses, government agencies, and other institutions with solutions spanning networking, data centers, cloud computing, cybersecurity, collaboration, and digital infrastructure.
Through its technology and professional services businesses, ePlus provides hardware, software, consulting, systems integration, managed services, and IT asset management.
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