ePlus Director Unloads $417,122 in Stock (PLUS)
ePlus (NASDAQ:PLUS) Director Eric D. Hovde unloaded 7,248 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $57.55, for a total transaction of $417,122.40. Following the transaction, the director now directly owns 255,608 shares of the company’s stock, valued at approximately $14,710,240. The sale was disclosed in a document filed with the SEC, 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) opened at 58.33 on Friday. 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 $56.67 and a 200-day moving average of $56.16. The company has a market cap of $437.6 million and a price-to-earnings ratio of 12.55.
ePlus (NASDAQ:PLUS) last announced its earnings results 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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