ePlus Inc. (NASDAQ:PLUS) CEO Sells $84,863.20 in Stock

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ePlus Inc. (NASDAQ:PLUS) CEO Mark P. Marron sold 940 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $90.28, for a total value of $84,863.20. Following the completion of the transaction, the chief executive officer now directly owns 87,478 shares of the company’s stock, valued at $7,897,513.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ PLUS traded down $0.92 during midday trading on Friday, reaching $85.78. 2,239 shares of the company traded hands, compared to its average volume of 82,272. The firm has a market cap of $1.21 billion, a PE ratio of 18.42 and a beta of 1.26. The stock’s 50-day simple moving average is $78.46 and its 200-day simple moving average is $78.23. ePlus Inc. has a 12 month low of $65.52 and a 12 month high of $99.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.39 and a current ratio of 1.52.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.79. The company had revenue of $411.57 million during the quarter, compared to analysts’ expectations of $364.35 million. ePlus had a return on equity of 15.47% and a net margin of 4.52%. On average, equities research analysts expect that ePlus Inc. will post 4.8 EPS for the current year.

Several brokerages recently commented on PLUS. Sidoti cut ePlus from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $103.00 to $98.00 in a research report on Thursday. BidaskClub cut ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Peel Hunt reaffirmed a “reduce” rating on shares of ePlus in a research report on Tuesday, October 29th. Berenberg Bank reaffirmed a “hold” rating and issued a $91.00 target price on shares of ePlus in a research report on Tuesday. Finally, Liberum Capital reaffirmed a “buy” rating on shares of ePlus in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $98.33.

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of ePlus by 1.0% during the second quarter. BlackRock Inc. now owns 1,976,757 shares of the software maker’s stock valued at $136,276,000 after acquiring an additional 19,732 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of ePlus by 9.3% during the second quarter. Fiduciary Management Inc. WI now owns 873,721 shares of the software maker’s stock valued at $60,234,000 after acquiring an additional 74,020 shares during the period. Northern Trust Corp lifted its holdings in shares of ePlus by 6.6% during the second quarter. Northern Trust Corp now owns 293,845 shares of the software maker’s stock valued at $20,257,000 after acquiring an additional 18,284 shares during the period. Cortina Asset Management LLC lifted its holdings in shares of ePlus by 30.0% during the second quarter. Cortina Asset Management LLC now owns 241,442 shares of the software maker’s stock valued at $16,645,000 after acquiring an additional 55,689 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in shares of ePlus by 42.2% during the third quarter. WCM Investment Management LLC now owns 199,439 shares of the software maker’s stock valued at $15,175,000 after acquiring an additional 59,178 shares during the period. 90.36% of the stock is owned by institutional investors.

About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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