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ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 4,124 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.53, for a total value of $237,253.72. Following the completion of the transaction, the director now directly owns 255,608 shares of the company’s stock, valued at approximately $14,705,128. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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) opened at 58.33 on Friday. ePlus has a one year low of $47.49 and a one year high of $61.76. The stock’s 50-day moving average is $56.67 and its 200-day moving average is $56.16. The company has a market cap of $437.6 million and a P/E ratio of 12.55.

ePlus (NASDAQ:PLUS) last released its 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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