Eric D. Hovde Sells 4,271 Shares of ePlus (PLUS) Stock
ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 4,271 shares of ePlus stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $96.88, for a total transaction of $413,774.48. Following the completion of the sale, the director now directly owns 34,019 shares in the company, valued at approximately $3,295,760.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
ePlus opened at $96.40 on Monday, according to MarketBeat Ratings. The stock has a market capitalization of $1.32 billion, a PE ratio of 23.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.61 and a quick ratio of 1.50. ePlus has a twelve month low of $67.65 and a twelve month high of $97.75.
ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, May 24th. The software maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.03). The business had revenue of $330.43 million during the quarter, compared to analysts’ expectations of $352.50 million. ePlus had a return on equity of 15.10% and a net margin of 3.91%. equities research analysts anticipate that ePlus will post 5.19 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of ePlus in the first quarter worth about $171,000. Aperio Group LLC purchased a new position in shares of ePlus in the first quarter worth about $228,000. BlueCrest Capital Management Ltd purchased a new position in shares of ePlus in the fourth quarter worth about $233,000. Landscape Capital Management L.L.C. purchased a new position in shares of ePlus in the fourth quarter worth about $238,000. Finally, Trexquant Investment LP purchased a new position in shares of ePlus in the first quarter worth about $259,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.
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