ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 13,098 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $108.85, for a total value of $1,425,717.30. Following the completion of the transaction, the director now directly owns 90,122 shares in the company, valued at $9,809,779.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of ePlus Inc. (NASDAQ:PLUS) opened at 111.15 on Friday. The firm has a 50-day moving average of $96.50 and a 200 day moving average of $89.02. The stock has a market capitalization of $786.94 million, a price-to-earnings ratio of 16.78 and a beta of 1.08. ePlus Inc. has a 12-month low of $61.78 and a 12-month high of $111.65.

Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

Several equities analysts recently issued reports on PLUS shares. Canaccord Genuity reissued a “buy” rating and issued a $110.00 target price on shares of ePlus in a research report on Thursday, August 4th. 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. Finally, Zacks Investment Research raised ePlus from a “hold” rating to a “strong-buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, November 8th.

Institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of ePlus by 1.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,740 shares of the company’s stock valued at $224,000 after buying an additional 40 shares in the last quarter. California State Teachers Retirement System boosted its stake in ePlus by 0.8% in the third quarter. California State Teachers Retirement System now owns 13,355 shares of the company’s stock valued at $1,261,000 after buying an additional 100 shares during the period. American International Group Inc. boosted its stake in ePlus by 3.6% in the third quarter. American International Group Inc. now owns 4,746 shares of the company’s stock valued at $448,000 after buying an additional 164 shares during the period. California Public Employees Retirement System boosted its stake in ePlus by 0.9% in the second quarter. California Public Employees Retirement System now owns 34,200 shares of the company’s stock valued at $2,797,000 after buying an additional 300 shares during the period. Finally, BlackRock Investment Management LLC boosted its stake in ePlus by 1.3% in the third quarter. BlackRock Investment Management LLC now owns 28,259 shares of the company’s stock valued at $2,668,000 after buying an additional 350 shares during the period. 81.66% of the stock is owned by institutional investors.

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About ePlus

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.

5 Day Chart for NASDAQ:PLUS

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