ePlus Director Sells $347,229 in Stock (PLUS)
ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 6,022 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $57.66, for a total transaction of $347,228.52. Following the transaction, the director now directly owns 255,608 shares in the company, valued at approximately $14,738,357. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at William Blair initiated coverage on shares of ePlus in a research note on Thursday, May 29th. They set an “outperform” rating on the stock.
Shares of ePlus (NASDAQ:PLUS) traded down 0.16% on Friday, hitting $57.08. 22,993 shares of the company’s stock traded hands. ePlus has a 1-year low of $47.49 and a 1-year high of $61.76. The stock’s 50-day moving average is $56.81 and its 200-day moving average is $56.02. The company has a market cap of $428.2 million and a P/E ratio of 12.31.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.06. On average, analysts predict that ePlus will post $5.01 earnings per share for the current fiscal year.
ePlus inc. (NASDAQ:PLUS), along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software.
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