Bruce M. Bowen Sells 1,151 Shares of ePlus Inc. (PLUS) Stock
ePlus Inc. (NASDAQ:PLUS) Director Bruce M. Bowen sold 1,151 shares of ePlus stock in a transaction on Monday, November 14th. The shares were sold at an average price of $105.06, for a total transaction of $120,924.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
ePlus Inc. (NASDAQ:PLUS) opened at 104.05 on Thursday. The stock’s 50 day moving average is $94.48 and its 200-day moving average is $88.02. The firm has a market capitalization of $736.67 million, a price-to-earnings ratio of 15.71 and a beta of 1.08. ePlus Inc. has a 52 week low of $61.78 and a 52 week high of $105.45.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Societe Generale bought a new position in ePlus during the second quarter worth approximately $102,000. SG Americas Securities LLC bought a new position in ePlus during the second quarter worth approximately $102,000. Victory Capital Management Inc. increased its position 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 during the period. BNP Paribas Arbitrage SA increased its position in ePlus by 105.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,761 shares of the company’s stock worth $144,000 after buying an additional 905 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in ePlus during the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.
A number of brokerages have recently issued reports on PLUS. Sidoti lowered shares of ePlus from a “buy” rating to a “neutral” rating in a research note on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $110.00 price target on shares of ePlus in a research note on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of ePlus from a “hold” rating to a “strong-buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, November 8th.
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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