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ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 3,020 shares of ePlus stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $57.58, for a total value of $173,891.60. Following the sale, the director now directly owns 255,608 shares of the company’s stock, valued at approximately $14,717,909. The sale was disclosed in a legal 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.

ePlus (NASDAQ:PLUS) traded down 0.66% on Wednesday, hitting $57.08. The stock had a trading volume of 8,115 shares. ePlus has a 52-week low of $47.49 and a 52-week high of $61.76. The stock has a 50-day moving average of $56.68 and a 200-day moving average of $56.1. The company has a market cap of $428.2 million and a price-to-earnings ratio of 12.37.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. Analysts expect that ePlus will post $4.99 EPS 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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