Eric D. Hovde Sells 22,408 Shares of ePlus Inc. (PLUS) Stock
ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 22,408 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $98.37, for a total value of $2,204,274.96. Following the sale, the director now directly owns 161,495 shares in the company, valued at approximately $15,886,263.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of ePlus Inc. (NASDAQ:PLUS) opened at 104.00 on Monday. The firm has a 50-day moving average price of $93.37 and a 200 day moving average price of $87.49. ePlus Inc. has a one year low of $61.78 and a one year high of $104.35. The firm has a market cap of $736.32 million, a P/E ratio of 15.70 and a beta of 1.08.
PLUS has been the topic of a number of recent research reports. Zacks Investment Research raised ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $110.00 price objective on shares of ePlus in a research report on Thursday, August 4th.
A number of large investors have recently bought and sold shares of the stock. Societe Generale acquired a new stake in ePlus during the second quarter worth approximately $102,000. SG Americas Securities LLC acquired a new stake in ePlus during the second quarter worth approximately $102,000. Victory Capital Management Inc. increased its stake in ePlus by 33.8% in the second quarter. Victory Capital Management Inc. now owns 1,433 shares of the company’s stock worth $117,000 after buying an additional 362 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in ePlus by 105.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,761 shares of the company’s stock valued at $144,000 after buying an additional 905 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in ePlus during the third quarter valued at about $209,000. Institutional investors own 80.55% of the company’s stock.
ePlus Company Profile
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.
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