ePlus Inc. (PLUS) CFO Sells $321,405.00 in Stock
ePlus Inc. (NASDAQ:PLUS) CFO Elaine D. Marion sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $91.83, for a total transaction of $321,405.00. Following the transaction, the chief financial officer now directly owns 51,352 shares in the company, valued at $4,715,654.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
ePlus Inc. (NASDAQ:PLUS) traded up 0.05% during mid-day trading on Tuesday, reaching $92.05. 32,093 shares of the company’s stock traded hands. ePlus Inc. has a 1-year low of $61.78 and a 1-year high of $109.33. The firm has a 50-day moving average price of $92.12 and a 200-day moving average price of $85.81. The stock has a market cap of $652.91 million, a P/E ratio of 14.43 and a beta of 1.02.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $110.00 price objective on shares of ePlus in a research report on Thursday, August 4th.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Henderson Group PLC raised its position in shares of ePlus by 57.6% in the second quarter. Henderson Group PLC now owns 186,300 shares of the company’s stock valued at $15,237,000 after buying an additional 68,066 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of ePlus during the second quarter worth $2,465,000. Royce & Associates LP increased its stake in shares of ePlus by 20.4% in the first quarter. Royce & Associates LP now owns 161,767 shares of the company’s stock worth $13,024,000 after buying an additional 27,400 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of ePlus by 6.0% in the second quarter. BlackRock Fund Advisors now owns 390,459 shares of the company’s stock worth $31,936,000 after buying an additional 22,260 shares in the last quarter. Finally, James Investment Research Inc. increased its stake in shares of ePlus by 19.4% in the second quarter. James Investment Research Inc. now owns 127,473 shares of the company’s stock worth $10,426,000 after buying an additional 20,690 shares in the last quarter. 81.25% of the stock is currently owned by institutional investors.
ePlus inc. is a holding company. The Company is engaged in the business of selling, leasing, financing and managing information technology. It operates through two segments: technology and financing. The technology segment sells information technology (IT) hardware products, third-party software and maintenance contracts, its own and third-party professional and managed services, and its software.
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