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ePlus (NASDAQ:PLUS) Director Eric D. Hovde unloaded 5,894 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $58.38, for a total value of $344,091.72. Following the completion of the sale, the director now directly owns 255,608 shares in the company, valued at approximately $14,922,395. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of ePlus (NASDAQ:PLUS) traded up 0.14% during mid-day trading on Wednesday, hitting $57.37. 38,272 shares of the company’s stock traded hands. 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 $56.85 and its 200-day moving average is $56.. The company has a market cap of $430.4 million and a P/E ratio of 12.33.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ 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.

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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