ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 9,661 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $112.03, for a total value of $1,082,321.83. Following the completion of the transaction, the director now directly owns 76,207 shares of the company’s stock, valued at approximately $8,537,470.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ePlus Inc. (NASDAQ:PLUS) traded down 0.58% on Wednesday, hitting $111.20. The stock had a trading volume of 64,799 shares. ePlus Inc. has a 1-year low of $61.78 and a 1-year high of $112.75. The firm’s 50-day moving average price is $97.54 and its 200-day moving average price is $89.57. The firm has a market cap of $787.30 million, a P/E ratio of 16.79 and a beta of 1.08.

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

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Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake 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 during the last quarter. James Investment Research Inc. raised its stake in shares of ePlus by 19.4% in the second quarter. James Investment Research Inc. now owns 127,473 shares of the company’s stock valued at $10,426,000 after buying an additional 20,690 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of ePlus by 292.2% in the second quarter. Nordea Investment Management AB now owns 7,632 shares of the company’s stock valued at $624,000 after buying an additional 5,686 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in shares of ePlus by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 244,825 shares of the company’s stock valued at $20,024,000 after buying an additional 3,806 shares during the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in shares of ePlus by 21.0% in the second quarter. Monarch Partners Asset Management LLC now owns 31,415 shares of the company’s stock valued at $2,569,000 after buying an additional 5,460 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on PLUS. Sidoti cut ePlus from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Tuesday, November 15th. Zacks Investment Research raised ePlus from a “hold” rating to a “strong-buy” rating and set a $112.00 price target for the company in a research note on Tuesday, November 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $110.00 price target on shares of ePlus in a research note on Thursday, August 4th.

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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