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

Key Points

• COO Darren Raiguel sold 1,000 ePlus shares for $91,460, reducing his direct stake by 1.49% to 66,036 shares.
• ePlus reported quarterly EPS of $1.82, beating the $1.47 consensus estimate, and revenue of $667.92 million, above analyst expectations of $636.10 million.
• The company declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 1.1% yield; analysts’ average rating is “Hold.”

ePlus inc. (NASDAQ:PLUS - Get Free Report) COO Darren Raiguel sold 1,000 shares of the business's stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $91.46, for a total value of $91,460.00. Following the transaction, the chief operating officer directly owned 66,036 shares of the company's stock, valued at $6,039,652.56. This represents a 1.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ePlus Price Performance

PLUS stock traded up $2.15 on Tuesday, reaching $96.61. 213,978 shares of the company were exchanged, compared to its average volume of 215,393. ePlus inc. has a 12 month low of $73.08 and a 12 month high of $98.21. The stock's fifty day moving average price is $92.05 and its 200 day moving average price is $85.85. The firm has a market capitalization 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 posted 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. ePlus had a net margin of 4.91% and a return on equity of 11.51%. The company had revenue of $667.92 million for the quarter, compared to analyst estimates of $636.10 million. As a group, research analysts expect that ePlus inc. will post 4.86 EPS for the current fiscal year.

ePlus Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Zacks Research upgraded ePlus from a "strong sell" rating to a "hold" rating in a research note on Friday, July 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of ePlus in a report on Tuesday, October 6th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, ePlus currently has an average rating of "Hold".

Institutional Trading of ePlus

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLUS. Global Retirement Partners LLC raised its stake in shares of ePlus by 204.2% during the third quarter. Global Retirement Partners LLC now owns 5,485 shares of the software maker's stock worth $494,000 after buying an additional 3,682 shares during the last quarter. Aberdeen Group plc bought a new position in ePlus during the third quarter worth about $3,848,000. William Blair Investment Management LLC acquired a new position in shares of ePlus in the 3rd quarter valued at approximately $9,278,000. Maryland State Retirement & Pension System increased its position in shares of ePlus by 50.9% during the third quarter. Maryland State Retirement & Pension System now owns 5,708 shares of the software maker's stock worth $514,000 after acquiring an additional 1,926 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in ePlus by 47.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 97,147 shares of the software maker's stock worth $9,024,000 after purchasing an additional 31,363 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

ePlus Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.