ePlus Inc. (PLUS) Director Eric D. Hovde Sells 34,218 Shares
ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 34,218 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $105.28, for a total value of $3,602,471.04. Following the completion of the transaction, the director now directly owns 116,122 shares of the company’s stock, valued at approximately $12,225,324.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ePlus Inc. (NASDAQ:PLUS) traded down 0.68% during midday trading on Monday, hitting $105.73. The company had a trading volume of 5,982 shares. The firm has a market capitalization of $748.57 million, a P/E ratio of 15.96 and a beta of 1.08. The company has a 50 day moving average price of $94.88 and a 200 day moving average price of $88.19. ePlus Inc. has a 1-year low of $61.78 and a 1-year high of $106.90.
A number of equities research analysts recently commented on PLUS shares. Sidoti downgraded ePlus from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Tuesday, November 15th. Zacks Investment Research upgraded ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $110.00 target price on shares of ePlus in a research report on Thursday, August 4th.
Several institutional investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new position in ePlus during the second quarter worth $102,000. SG Americas Securities LLC bought a new position in ePlus during the second quarter worth $102,000. Victory Capital Management Inc. raised 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 last quarter. BNP Paribas Arbitrage SA raised 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 last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in ePlus during the third quarter worth $209,000. Institutional investors and hedge funds own 81.66% 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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