ePlus (NASDAQ:PLUS) COO Darren Raiguel Sells 1,000 Shares of Company Stock

Key Points

• COO Darren Raiguel sold 1,000 ePlus shares at an average of $94.68, totaling $94,680. He retained 65,036 shares after the sale, a 1.51% reduction in his holdings.
• ePlus reported quarterly EPS of $1.82, beating the $1.47 consensus, and revenue of $667.92 million, above estimates of $636.10 million.
• The company announced a quarterly dividend of $0.27 per share, equivalent to $1.08 annualized and a 1.1% yield; analysts’ consensus rating remains “Hold.”

ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 1,000 shares of the firm's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $94.68, for a total value of $94,680.00. Following the transaction, the chief operating officer owned 65,036 shares of the company's stock, valued at $6,157,608.48. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ePlus Trading Up 2.3%

PLUS stock traded up $2.15 during trading on Tuesday, hitting $96.61. The company had a trading volume of 213,978 shares, compared to its average volume of 215,393. The business has a 50-day moving average of $92.05 and a 200-day moving average of $85.85. ePlus inc. has a one year low of $73.08 and a one year high of $98.21. The stock has a market cap of $2.52 billion, a PE ratio of 20.09, a PEG ratio of 1.16 and a beta of 0.95.

ePlus (NASDAQ:PLUS - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.35. The firm had revenue of $667.92 million during the quarter, compared to analyst estimates of $636.10 million. ePlus had a net margin of 4.91% and a return on equity of 11.51%. Research analysts forecast that ePlus inc. will post 4.86 EPS for the current year.

ePlus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 24th. ePlus's dividend payout ratio (DPR) is currently 22.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its stake in ePlus by 2,104.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 507 shares of the software maker's stock valued at $42,000 after purchasing an additional 484 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in ePlus during the 2nd quarter worth approximately $51,000. GAMMA Investing LLC raised its stake in shares of ePlus by 19.3% in the third quarter. GAMMA Investing LLC now owns 940 shares of the software maker's stock worth $85,000 after purchasing an additional 152 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of ePlus by 13,366.7% in the third quarter. Fortitude Family Office LLC now owns 1,212 shares of the software maker's stock valued at $109,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of ePlus by 1,835.4% in the third quarter. Parallel Advisors LLC now owns 1,529 shares of the software maker's stock valued at $138,000 after purchasing an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 93.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLUS. Weiss Ratings reiterated a "hold (c+)" rating on shares of ePlus in a report on Tuesday, October 6th. Zacks Research raised ePlus from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

About ePlus

ePlus inc. is a technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. Its offerings include data center and cloud infrastructure, networking, cybersecurity, collaboration tools, software and related professional and managed services. The company also provides financing solutions for technology purchases, including leasing and other equipment financing arrangements. Founded in 1990, ePlus serves customers across the United States and the United Kingdom.

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