Insider Selling: ePlus (NASDAQ:PLUS) COO Sells $35,781.12 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 384 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $93.18, for a total transaction of $35,781.12. Following the transaction, the chief operating officer owned 67,652 shares of the company’s stock, valued at approximately $6,303,813.36. This represents a 0.56% 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 link.

ePlus Price Performance

Shares of ePlus stock opened at $91.10 on Friday. ePlus inc. has a fifty-two week low of $69.25 and a fifty-two week high of $98.14. The firm has a market capitalization of $2.38 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.18 and a beta of 0.97. The company’s 50 day moving average price is $89.50 and its two-hundred day moving average price is $84.38.

ePlus (NASDAQ:PLUS) last posted its earnings results on Tuesday, August 4th. The software maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $649.11 million for the quarter, compared to analysts’ expectations of $639.95 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. On average, analysts expect that ePlus inc. will post 4.86 earnings per share for the current year.

ePlus Announces Dividend

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

Wall Street Analysts Forecast Growth

PLUS has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of ePlus in a research note on Friday, July 10th. Zacks Research raised ePlus from a “strong sell” rating to a “hold” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, ePlus has an average rating of “Hold”.

Institutional Trading of ePlus

Several institutional investors have recently modified their holdings of PLUS. Parkside Financial Bank & Trust raised its position in ePlus by 2,104.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker’s stock worth $42,000 after purchasing an additional 484 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of ePlus in the 2nd quarter valued at about $51,000. Global Retirement Partners LLC bought a new stake in shares of ePlus in the 2nd quarter valued at about $150,000. Nykredit A S acquired a new stake in shares of ePlus in the second quarter valued at about $161,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of ePlus during the fourth quarter worth about $208,000. Institutional investors own 93.80% of the company’s stock.

About ePlus

ePlus inc. (NASDAQ: PLUS) is a technology solutions provider that helps organizations design, implement and manage information technology environments. The company provides products and services spanning data center infrastructure, networking, cybersecurity, cloud computing, collaboration and unified communications, and digital transformation. Its offerings include hardware, software, professional services and ongoing managed services.

ePlus works with businesses, government agencies, educational institutions and healthcare organizations.