Elaine Marion Sells 5,514 Shares of ePlus (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine Marion sold 5,514 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $96.41, for a total value of $531,604.74. Following the transaction, the chief financial officer owned 84,259 shares of the company’s stock, valued at approximately $8,123,410.19. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ePlus Stock Down 4.5%

NASDAQ:PLUS opened at $90.35 on Friday. The business’s 50-day moving average price is $85.47 and its two-hundred day moving average price is $83.37. ePlus inc. has a twelve month low of $62.42 and a twelve month high of $98.14. The stock has a market cap of $2.36 billion, a P/E ratio of 19.77, a PEG ratio of 1.27 and a beta of 1.00.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $639.95 million. ePlus had a return on equity of 11.51% and a net margin of 4.91%. On average, equities research analysts expect that ePlus inc. will post 4.66 EPS for the current fiscal year.

ePlus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Tuesday, August 25th will be given a $0.27 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $1.08 annualized dividend and a yield of 1.2%. ePlus’s payout ratio is 23.63%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PLUS shares. Zacks Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a report on Friday, July 31st. Weiss Ratings reissued 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, the company presently has an average rating of “Hold”.

Institutional Trading of ePlus

Several large investors have recently modified their holdings of PLUS. Tributary Capital Management LLC boosted its holdings in ePlus by 9.0% in the fourth quarter. Tributary Capital Management LLC now owns 161,166 shares of the software maker’s stock worth $14,134,000 after acquiring an additional 13,369 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of ePlus by 63.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 51,815 shares of the software maker’s stock valued at $4,489,000 after acquiring an additional 20,163 shares in the last quarter. Vest Financial LLC bought a new position in shares of ePlus during the fourth quarter valued at $1,511,000. Comerica Bank raised its position in shares of ePlus by 74.9% in the 4th quarter. Comerica Bank now owns 69,187 shares of the software maker’s stock worth $6,068,000 after purchasing an additional 29,631 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 worth $98,604,000 after purchasing an additional 48,158 shares during the last quarter. 93.80% of the stock is owned by institutional investors.

About ePlus

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.