ePlus inc. (NASDAQ:PLUS – Get Rating) Director Eric D. Hovde sold 9,898 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $55.92, for a total transaction of $553,496.16. Following the transaction, the director now owns 51,940 shares in the company, valued at approximately $2,904,484.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ePlus stock traded up $0.03 during trading hours on Friday, reaching $53.54. 3,259 shares of the company’s stock traded hands, compared to its average volume of 123,190. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.95. ePlus inc. has a fifty-two week low of $42.00 and a fifty-two week high of $69.74. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.60 and a beta of 1.24. The firm’s 50 day moving average is $56.54 and its 200-day moving average is $56.70.
ePlus (NASDAQ:PLUS – Get Rating) last released its earnings results on Wednesday, May 25th. The software maker reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.28. ePlus had a net margin of 5.80% and a return on equity of 16.92%. The company had revenue of $451.52 million for the quarter, compared to the consensus estimate of $407.60 million. During the same period in the prior year, the company posted $0.58 EPS. Analysts predict that ePlus inc. will post 3.55 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in PLUS. Comerica Bank increased its stake in shares of ePlus by 157.4% in the 3rd quarter. Comerica Bank now owns 32,516 shares of the software maker’s stock valued at $3,511,000 after acquiring an additional 19,883 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of ePlus by 94.1% in the 4th quarter. State of Alaska Department of Revenue now owns 19,128 shares of the software maker’s stock valued at $1,030,000 after acquiring an additional 9,274 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of ePlus by 100.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 10,688 shares of the software maker’s stock valued at $576,000 after acquiring an additional 5,344 shares during the last quarter. Swiss National Bank increased its stake in shares of ePlus by 100.0% in the 4th quarter. Swiss National Bank now owns 59,456 shares of the software maker’s stock valued at $3,203,000 after acquiring an additional 29,728 shares during the last quarter. Finally, Eaton Vance Management increased its stake in shares of ePlus by 100.4% in the 4th quarter. Eaton Vance Management now owns 23,848 shares of the software maker’s stock valued at $1,255,000 after acquiring an additional 11,950 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.
ePlus Company Profile (Get Rating)
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, server and desktop support, and project management services.
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