State of Alaska Department of Revenue Has $1.27 Million Stock Holdings in ePlus inc. (NASDAQ:PLUS)

State of Alaska Department of Revenue lowered its stake in ePlus inc. (NASDAQ:PLUSFree Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,232 shares of the software maker’s stock after selling 337 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of ePlus worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PLUS. Principal Securities Inc. acquired a new position in shares of ePlus during the 4th quarter worth about $40,000. Cornerstone Investment Partners LLC bought a new stake in ePlus in the fourth quarter valued at approximately $202,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of ePlus during the 4th quarter worth approximately $216,000. Caprock Group LLC acquired a new position in shares of ePlus during the 4th quarter worth approximately $219,000. Finally, AlphaQ Advisors LLC acquired a new position in shares of ePlus during the 4th quarter worth approximately $253,000. Institutional investors own 93.80% of the company’s stock.

Insider Activity

In related news, COO Darren S. Raiguel sold 4,833 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the transaction, the chief operating officer now directly owns 33,290 shares of the company’s stock, valued at $2,675,517.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Darren S. Raiguel sold 4,833 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $80.37, for a total value of $388,428.21. Following the completion of the sale, the chief operating officer now directly owns 33,290 shares in the company, valued at $2,675,517.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elaine D. Marion sold 5,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $73.45, for a total value of $367,250.00. Following the transaction, the chief financial officer now owns 53,996 shares in the company, valued at approximately $3,966,006.20. The disclosure for this sale can be found here. 2.41% of the stock is currently owned by company insiders.

ePlus Trading Down 2.1 %

Shares of PLUS stock opened at $71.76 on Wednesday. ePlus inc. has a 12-month low of $53.53 and a 12-month high of $83.57. The company has a market capitalization of $1.93 billion, a PE ratio of 16.55 and a beta of 1.10. The firm has a 50 day moving average price of $75.78 and a two-hundred day moving average price of $77.14. The company has a quick ratio of 1.73, a current ratio of 1.94 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUSGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The software maker reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.26). The firm 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, analysts predict that ePlus inc. will post 4.8 earnings per share for the current year.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on ePlus

ePlus Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for ePlus (NASDAQ:PLUS)

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