ePlus Inc. (NASDAQ:PLUS) Director Bruce M. Bowen sold 5,100 shares of ePlus stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $95.00, for a total transaction of $484,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of ePlus Inc. (NASDAQ:PLUS) opened at 94.79 on Friday. ePlus Inc. has a 12 month low of $61.78 and a 12 month high of $109.33. The stock’s 50 day moving average is $91.10 and its 200 day moving average is $85.04. The stock has a market cap of $672.35 million, a P/E ratio of 14.86 and a beta of 1.03.
A number of brokerages recently issued reports on PLUS. Zacks Investment Research upgraded shares of ePlus from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Canaccord Genuity reiterated a “buy” rating and issued a $110.00 price target on shares of ePlus in a research note on Thursday, August 4th.
Hedge funds have recently bought and sold shares of the company. Emerald Acquisition Ltd. acquired a new stake in ePlus during the second quarter worth about $2,465,000. Osmium Partners LLC acquired a new stake in ePlus during the first quarter worth about $217,000. California Public Employees Retirement System increased its stake in ePlus by 0.9% in the second quarter. California Public Employees Retirement System now owns 34,200 shares of the company’s stock worth $2,797,000 after buying an additional 300 shares during the period. Arizona State Retirement System increased its stake in ePlus by 3.4% in the first quarter. Arizona State Retirement System now owns 3,000 shares of the company’s stock worth $242,000 after buying an additional 100 shares during the period. Finally, California State Teachers Retirement System increased its stake in ePlus by 10.5% in the second quarter. California State Teachers Retirement System now owns 13,255 shares of the company’s stock worth $1,084,000 after buying an additional 1,259 shares during the period. 84.72% of the stock is owned by hedge funds and other 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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