ePlus inc. (NASDAQ:PLUS) CFO Sells $367,250.00 in Stock

ePlus inc. (NASDAQ:PLUSGet Free Report) CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $73.45, for a total value of $367,250.00. Following the completion of the sale, the chief financial officer now owns 53,996 shares in the company, valued at $3,966,006.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ePlus Trading Down 0.6 %

NASDAQ:PLUS opened at $73.48 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.73. ePlus inc. has a fifty-two week low of $53.19 and a fifty-two week high of $83.57. The stock’s 50-day moving average is $76.80 and its two-hundred day moving average is $77.04. The stock has a market cap of $1.98 billion, a PE ratio of 16.97 and a beta of 1.07.

ePlus (NASDAQ:PLUSGet Free Report) last issued its quarterly earnings data on Wednesday, May 22nd. The software maker reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). The company had revenue of $554.46 million during the quarter, compared to the consensus estimate of $553.05 million. ePlus had a net margin of 5.20% and a return on equity of 13.47%. As a group, equities research analysts forecast that ePlus inc. will post 4.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their price objective on shares of ePlus from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd.

Check Out Our Latest Report on ePlus

Institutional Investors Weigh In On ePlus

Several hedge funds have recently modified their holdings of PLUS. Ellsworth Advisors LLC increased its stake in shares of ePlus by 2.2% in the fourth quarter. Ellsworth Advisors LLC now owns 6,102 shares of the software maker’s stock valued at $487,000 after buying an additional 134 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in ePlus by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 12,696 shares of the software maker’s stock worth $1,014,000 after buying an additional 143 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in ePlus by 3.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,246 shares of the software maker’s stock worth $499,000 after buying an additional 204 shares during the last quarter. Rhumbline Advisers raised its position in shares of ePlus by 0.4% during the third quarter. Rhumbline Advisers now owns 83,613 shares of the software maker’s stock worth $5,311,000 after purchasing an additional 326 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of ePlus by 7.2% during the first quarter. ProShare Advisors LLC now owns 5,361 shares of the software maker’s stock worth $421,000 after purchasing an additional 361 shares during the period. 93.80% of the stock is owned by institutional investors.

About ePlus

(Get Free Report)

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 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 managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.

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

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