ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 284 Shares of Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 284 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $89.32, for a total transaction of $25,366.88. Following the transaction, the chief operating officer owned 56,748 shares of the company’s stock, valued at $5,068,731.36. This represents a 0.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

ePlus Stock Down 5.3%

Shares of PLUS opened at $84.28 on Wednesday. The firm has a 50-day moving average price of $80.40 and a 200 day moving average price of $83.77. The firm has a market capitalization of $2.22 billion, a PE ratio of 16.76, a P/E/G ratio of 0.97 and a beta of 1.04. ePlus inc. has a 52-week low of $62.11 and a 52-week high of $93.98.

Hedge Funds Weigh In On ePlus

Several large investors have recently made changes to their positions in PLUS. Amundi boosted its position in shares of ePlus by 333.0% during the 1st quarter. Amundi now owns 5,361 shares of the software maker’s stock valued at $313,000 after purchasing an additional 4,123 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ePlus by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 45,612 shares of the software maker’s stock valued at $2,784,000 after purchasing an additional 7,742 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ePlus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,666 shares of the software maker’s stock valued at $956,000 after purchasing an additional 687 shares in the last quarter. Millennium Management LLC boosted its position in shares of ePlus by 103.1% during the 1st quarter. Millennium Management LLC now owns 226,399 shares of the software maker’s stock valued at $13,817,000 after purchasing an additional 114,900 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of ePlus by 628.3% during the 1st quarter. Jones Financial Companies Lllp now owns 3,066 shares of the software maker’s stock valued at $187,000 after purchasing an additional 2,645 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLUS. Weiss Ratings lowered shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 13th. Zacks Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Finally, Wall Street Zen lowered shares of ePlus from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ePlus Company Profile

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.