Insider Selling: Steven J. Mencarini Sells 2,798 Shares of ePlus Stock (PLUS)
ePlus (NASDAQ:PLUS) SVP Steven J. Mencarini sold 2,798 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.30, for a total transaction of $160,325.40. Following the completion of the sale, the senior vice president now directly owns 3,869 shares in the company, valued at approximately $221,694. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 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. On average, analysts predict that ePlus will post $4.99 earnings per share for the current fiscal year.
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 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.
Receive News & Ratings for ePlus Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.