Eplus CFO Elaine Marion sells $481,455 of company stock

Elaine D. Marion, CFO of EPLUS INC (NASDAQ:PLUS), divested 4,000 shares of the company's stock on October 12 and 13, 2026. The total value of these shares amounted to $481,455. The transactions unfolded at prices fluctuating between $95.0357 and $97.3888 per share. This selling spree took place when EPLUS shares were trading close to their 52-week peak of $98.14, following a remarkable 31% increase over the last year.

InvestingPro's analysis suggested the stock was slightly overvalued compared to its Fair Value. The trades adhered to a Rule 10b5-1 trading plan Marion had set up on November 18, 2025. On October 12, she offloaded 158 shares at a weighted average price of $95.0357 per share. This was followed by more sales on October 13, comprising 2,120 shares at $95.7286 per share, 2,377 shares at $96.7169, and finally, 345 shares at $97.3888.

Post these transactions, Marion indirectly retained 79,259 shares of EPLUS common stock via the Elaine D. Marion Trust, of which she and her spouse are the only trustees and beneficiaries. She also directly held 34,801 shares. EPLUS demonstrated a robust financial standing with a 'GOOD' health score from InvestingPro, offering in-depth analysis through comprehensive Pro Research Reports for PLUS and over 1,400 US equities.

Recently, EPLUS Inc. reported earnings that beat expectations for the first quarter of fiscal 2027, with adjusted earnings per share of $1.28 on revenue of $649.1 million. This outperformed analysts' expectations of $1.19 per share on $631.35 million in sales. The surge was attributed to robust demand in AI infrastructure and security.

Managed services revenue outpaced $50 million for the first time, signaling progress in their recurring revenue strategy. Security gross billings expanded by 15.6% year-over-year, and AI-related demand remained strong. Nevertheless, EPLUS faced a drop in gross margin and operating income compared to the previous year, hinting at some profitability strain.

Furthermore, EPLUS shareholders endorsed an amendment to boost the number of authorized common stock shares from 50 million to 75 million during the 2026 Annual Meeting of Shareholders. This change became effective immediately. The company also kept its fiscal 2027 outlook and unveiled a new share repurchase authorization. This report was AI-supported and edited for accuracy.