ePlus Director Eric D. Hovde Unloads 49,161 Shares (PLUS)
ePlus (NASDAQ:PLUS) Director Eric D. Hovde unloaded 49,161 shares of ePlus stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $58.19, for a total value of $2,860,678.59. Following the sale, the director now directly owns 255,608 shares in the company, valued at approximately $14,873,830. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ePlus (NASDAQ:PLUS) traded down 0.61% on Monday, hitting $57.47. The stock had a trading volume of 11,477 shares. ePlus has a 52 week low of $47.49 and a 52 week high of $61.76. The stock’s 50-day moving average is $56.65 and its 200-day moving average is $56.23. The company has a market cap of $431.1 million and a P/E ratio of 12.45.
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.