Elaine D. Marion Sells 5,000 Shares of ePlus inc. (NASDAQ:PLUS) Stock

ePlus inc. (NASDAQ:PLUS) CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $92.19, for a total transaction of $460,950.00. Following the completion of the sale, the chief financial officer now directly owns 64,442 shares in the company, valued at $5,940,907.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ePlus Stock Up 1.5 %

Shares of PLUS opened at $96.66 on Thursday. The firm has a market cap of $2.61 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.86 and a beta of 1.11. ePlus inc. has a 1 year low of $53.53 and a 1 year high of $99.57. The stock has a 50 day simple moving average of $88.56 and a two-hundred day simple moving average of $80.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.01 and a quick ratio of 1.87.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.03). ePlus had a net margin of 4.98% and a return on equity of 12.32%. The company had revenue of $544.54 million during the quarter, compared to the consensus estimate of $555.23 million. On average, analysts forecast that ePlus inc. will post 4.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLUS. Stifel Nicolaus raised their price objective on shares of ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 23rd. StockNews.com downgraded ePlus from a “buy” rating to a “hold” rating in a research report on Friday, August 16th.

Institutional Trading of ePlus

Large investors have recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in ePlus by 1.9% in the second quarter. Arizona State Retirement System now owns 7,546 shares of the software maker’s stock worth $556,000 after buying an additional 144 shares during the period. Inspire Investing LLC grew its stake in ePlus by 3.2% in the second quarter. Inspire Investing LLC now owns 5,353 shares of the software maker’s stock worth $394,000 after purchasing an additional 168 shares during the period. Louisiana State Employees Retirement System raised its holdings in ePlus by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the software maker’s stock worth $987,000 after purchasing an additional 200 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in ePlus by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 13,020 shares of the software maker’s stock valued at $959,000 after buying an additional 203 shares during the period. Finally, Lumbard & Kellner LLC boosted its holdings in shares of ePlus by 0.9% during the 2nd quarter. Lumbard & Kellner LLC now owns 31,589 shares of the software maker’s stock valued at $2,327,000 after buying an additional 274 shares in the last quarter. 93.80% of the stock is owned by institutional investors.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.