Terrence Odonnell Sells 1,500 Shares of ePlus Inc. (PLUS) Stock
ePlus Inc. (NASDAQ:PLUS) Director Terrence Odonnell sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $95.75, for a total transaction of $143,625.00. Following the transaction, the director now owns 5,538 shares in the company, valued at approximately $530,263.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of ePlus Inc. (NASDAQ:PLUS) opened at 103.60 on Tuesday. ePlus Inc. has a 52 week low of $61.78 and a 52 week high of $105.45. The firm’s 50-day moving average is $93.74 and its 200-day moving average is $87.74. The company has a market cap of $733.49 million, a price-to-earnings ratio of 15.64 and a beta of 1.08.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Societe Generale acquired a new position in shares of ePlus during the second quarter worth approximately $102,000. SG Americas Securities LLC purchased a new position in shares of ePlus during the second quarter valued at about $102,000. Victory Capital Management Inc. boosted its position in shares of ePlus by 33.8% in the second quarter. Victory Capital Management Inc. now owns 1,433 shares of the company’s stock valued at $117,000 after buying an additional 362 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of 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 position in shares of ePlus during the third quarter valued at about $209,000. Institutional investors and hedge funds own 81.91% of the company’s stock.
PLUS has been the topic of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $110.00 target price on shares of ePlus in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th.
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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