ePlus Inc. (PLUS) CFO Elaine D. Marion Sells 3,000 Shares

ePlus Inc. (NASDAQ:PLUS) CFO Elaine D. Marion sold 3,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $80.45, for a total transaction of $241,350.00. Following the completion of the transaction, the chief financial officer now owns 74,568 shares in the company, valued at approximately $5,998,995.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ePlus Inc. (NASDAQ PLUS) traded up $1.70 during mid-day trading on Friday, reaching $81.45. 80,467 shares of the company traded hands, compared to its average volume of 95,869. The firm has a market capitalization of $1,125.92, a price-to-earnings ratio of 21.13 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. ePlus Inc. has a 1-year low of $54.28 and a 1-year high of $97.75.

ePlus (NASDAQ:PLUS) last released its earnings results on Thursday, November 2nd. The software maker reported $1.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.27. ePlus had a net margin of 3.85% and a return on equity of 15.52%. equities analysts anticipate that ePlus Inc. will post 4 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in ePlus by 96.1% in the second quarter. BlackRock Inc. now owns 1,554,745 shares of the software maker’s stock valued at $115,207,000 after buying an additional 761,763 shares during the period. Dimensional Fund Advisors LP lifted its holdings in ePlus by 96.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,675 shares of the software maker’s stock valued at $86,970,000 after buying an additional 576,536 shares during the period. FMR LLC lifted its holdings in ePlus by 171.3% in the second quarter. FMR LLC now owns 959,478 shares of the software maker’s stock valued at $71,097,000 after buying an additional 605,842 shares during the period. Vanguard Group Inc. increased its stake in ePlus by 101.5% in the second quarter. Vanguard Group Inc. now owns 919,169 shares of the software maker’s stock valued at $68,110,000 after purchasing an additional 462,907 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in ePlus by 90.4% in the second quarter. Janus Henderson Group PLC now owns 337,412 shares of the software maker’s stock valued at $25,002,000 after purchasing an additional 160,160 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Several equities analysts recently issued reports on the stock. BidaskClub lowered shares of ePlus from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Zacks Investment Research lowered shares of ePlus from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 7th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $75.00 target price on shares of ePlus in a report on Tuesday, October 17th.

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About ePlus

ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.

Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

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