ePlus (PLUS) Director Sells $46,750.00 in Stock

ePlus (NASDAQ:PLUS) Director Eric D. Hovde sold 500 shares of the company’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $93.50, for a total transaction of $46,750.00. Following the completion of the sale, the director now owns 51,648 shares in the company, valued at approximately $4,829,088. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

PLUS stock traded up $1.50 during trading on Thursday, reaching $96.15. The stock had a trading volume of 157 shares, compared to its average volume of 90,388. ePlus has a one year low of $67.65 and a one year high of $97.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 1.61. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.43 and a beta of 1.17.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Thursday, May 24th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.03). ePlus had a return on equity of 15.10% and a net margin of 3.91%. The firm had revenue of $330.43 million during the quarter, compared to the consensus estimate of $352.50 million. sell-side analysts forecast that ePlus will post 5.19 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its position in ePlus by 0.5% in the 1st quarter. BlackRock Inc. now owns 1,734,514 shares of the software maker’s stock worth $134,771,000 after purchasing an additional 8,454 shares in the last quarter. Fiduciary Management Inc. WI grew its position in shares of ePlus by 54.6% during the 1st quarter. Fiduciary Management Inc. WI now owns 854,046 shares of the software maker’s stock valued at $66,359,000 after acquiring an additional 301,727 shares during the period. Royal Bank of Canada grew its position in shares of ePlus by 5.4% during the 1st quarter. Royal Bank of Canada now owns 408,597 shares of the software maker’s stock valued at $31,747,000 after acquiring an additional 21,029 shares during the period. Atlanta Capital Management Co. L L C grew its position in shares of ePlus by 1.9% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 252,263 shares of the software maker’s stock valued at $19,601,000 after acquiring an additional 4,804 shares during the period. Finally, River Road Asset Management LLC grew its position in shares of ePlus by 41.7% during the 1st quarter. River Road Asset Management LLC now owns 198,782 shares of the software maker’s stock valued at $15,445,000 after acquiring an additional 58,528 shares during the period. 92.62% of the stock is owned by institutional investors and hedge funds.

PLUS has been the topic of a number of analyst reports. Sidoti lowered shares of ePlus from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. ValuEngine lowered shares of ePlus from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. BidaskClub raised shares of ePlus from a “hold” rating to a “buy” rating in a research report on Friday, March 30th. Zacks Investment Research downgraded shares of ePlus from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, Stifel Nicolaus upped their price objective on shares of ePlus from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, May 25th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.00.

ePlus Company Profile

ePlus inc., an engineering-centric technology solutions provider, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, such as hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, including data center infrastructure, networking, security, cloud, and collaboration, as well as ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

Insider Buying and Selling by Quarter for ePlus (NASDAQ:PLUS)

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