ePlus inc. (NASDAQ:PLUS) CEO Mark P. Marron sold 6,250 shares of ePlus stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $99.41, for a total transaction of $621,312.50. Following the completion of the sale, the chief executive officer now directly owns 47,059 shares of the company’s stock, valued at approximately $4,678,135.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of ePlus stock opened at $95.70 on Thursday. The stock has a market cap of $1.29 billion, a P/E ratio of 18.30 and a beta of 1.30. The stock’s fifty day moving average is $98.65 and its 200 day moving average is $86.90. ePlus inc. has a one year low of $57.37 and a one year high of $107.64.
ePlus (NASDAQ:PLUS) last posted its quarterly earnings data on Tuesday, February 2nd. The software maker reported $1.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.44. The firm had revenue of $427.60 million for the quarter, compared to analysts’ expectations of $391.38 million. ePlus had a return on equity of 14.11% and a net margin of 4.42%. During the same period in the previous year, the firm earned $1.64 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts anticipate that ePlus inc. will post 4.92 EPS for the current fiscal year.
PLUS has been the subject of a number of research reports. Zacks Investment Research cut ePlus from a “buy” rating to a “sell” rating in a research report on Wednesday. Sidoti lowered shares of ePlus from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 9th.
ePlus Company Profile
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, perpetual and subscription software, maintenance, software assurance, and internally-provided and outsourced services; and professional and managed services, including ePlus managed, professional, security, ePlus Cloud Consulting, staff augmentation, server and desktop support, and project management services.
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