ePlus (NASDAQ:PLUS) Director John Callies Sells 500 Shares

ePlus inc. (NASDAQ:PLUS) Director John Callies sold 500 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $88.09, for a total transaction of $44,045.00. Following the transaction, the director owned 20,648 shares of the company’s stock, valued at approximately $1,818,882.32. This represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

ePlus Stock Performance

Shares of NASDAQ PLUS opened at $86.78 on Tuesday. The company has a market cap of $2.26 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.14 and a beta of 1.00. The firm’s fifty day moving average is $86.38 and its two-hundred day moving average is $83.44. ePlus inc. has a 52-week low of $69.07 and a 52-week high of $98.14.

ePlus (NASDAQ:PLUS) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.19 by $0.09. The business had revenue of $649.11 million during the quarter, compared to the consensus estimate of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. As a group, analysts forecast that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Announces Dividend

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

Institutional Trading of ePlus

Several hedge funds and other institutional investors have recently bought and sold shares of PLUS. Caitlin John LLC purchased a new position in ePlus during the second quarter worth $352,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ePlus in the second quarter valued at $51,000. Bank of America Corp DE bought a new stake in shares of ePlus in the 2nd quarter worth about $9,796,000. Freestone Grove Partners LP bought a new stake in shares of ePlus in the 2nd quarter worth about $452,000. Finally, Jupiter Topco LLC purchased a new position in shares of ePlus during the 2nd quarter worth about $975,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of ePlus in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.