Key Points
- ePlus COO Darren Raiguel sold 1,000 shares for $91,460 at an average price of $91.46, reducing his direct stake by 1.49% to 66,036 shares.
- ePlus beat quarterly expectations, reporting $1.82 in EPS versus $1.47 expected and revenue of $667.92 million versus $636.10 million expected.
- The company announced a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 1.1% yield; analysts’ consensus rating is Hold.
ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 1,000 shares of the business's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $91.46, for a total transaction of $91,460.00. Following the transaction, the chief operating officer directly owned 66,036 shares of the company's stock, valued at approximately $6,039,652.56. This trade represents a 1.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
ePlus Stock Performance
ePlus stock opened at $96.61 on Wednesday. ePlus inc. has a one year low of $73.08 and a one year high of $98.21. The company has a 50-day simple moving average of $92.23 and a 200-day simple moving average of $85.89. The firm has a market capitalization of $2.51 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.39 and a beta of 0.95.
ePlus (NASDAQ:PLUS - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The software maker reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.35. The firm had revenue of $667.92 million for the quarter, compared to the consensus estimate of $636.10 million. ePlus had a net margin of 5.02% and a return on equity of 11.93%. As a group, sell-side analysts forecast that ePlus inc. will post 4.86 earnings per share for the current year.
ePlus Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Tuesday, November 24th will be given a $0.27 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $1.08 annualized dividend and a yield of 1.1%. ePlus's dividend payout ratio is 22.45%.
Analyst Ratings Changes
PLUS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed 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 investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, ePlus currently has a consensus rating of "Hold".
Get Our Latest Stock Report on ePlus
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PLUS. Boston Partners raised its stake in shares of ePlus by 29.4% during the third quarter. Boston Partners now owns 319,166 shares of the software maker's stock valued at $28,857,000 after purchasing an additional 72,511 shares in the last quarter. Global Retirement Partners LLC grew its position in ePlus by 204.2% in the 3rd quarter. Global Retirement Partners LLC now owns 5,485 shares of the software maker's stock valued at $494,000 after buying an additional 3,682 shares in the last quarter. Aberdeen Group plc bought a new position in ePlus in the 3rd quarter valued at about $3,848,000. William Blair Investment Management LLC bought a new position in ePlus in the 3rd quarter valued at about $9,278,000. Finally, Maryland State Retirement & Pension System increased its stake in ePlus by 50.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 5,708 shares of the software maker's stock valued at $514,000 after buying an additional 1,926 shares during the period. Institutional investors own 93.80% of the company's stock.
About ePlus
(
Get Free Report)
ePlus inc. is a technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. Its offerings include data center and cloud infrastructure, networking, cybersecurity, collaboration tools, software and related professional and managed services. The company also provides financing solutions for technology purchases, including leasing and other equipment financing arrangements. Founded in 1990, ePlus serves customers across the United States and the United Kingdom.
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