ePlus Inc. (NASDAQ:PLUS) Chairman Phillip G. Norton sold 4,857 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $90.32, for a total value of $438,684.24. Following the sale, the chairman now owns 38,702 shares in the company, valued at approximately $3,495,564.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
ePlus Inc. (NASDAQ:PLUS) opened at 90.54 on Friday. ePlus Inc. has a 12 month low of $61.78 and a 12 month high of $109.33. The firm has a 50-day moving average price of $89.19 and a 200 day moving average price of $83.92. The company has a market cap of $642.20 million, a P/E ratio of 14.19 and a beta of 0.98.
Several analysts recently weighed in on PLUS shares. Zacks Investment Research lowered ePlus from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Canaccord Genuity restated a “buy” rating and set a $100.00 price target on shares of ePlus in a report on Thursday, May 26th. Finally, Sidoti restated a “buy” rating and set a $106.00 price target (down previously from $110.00) on shares of ePlus in a report on Thursday, May 26th.
Hedge funds have recently modified their holdings of the stock. Osmium Partners LLC acquired a new stake in shares of ePlus during the first quarter valued at approximately $217,000. UMB Bank N A MO purchased a new stake in shares of ePlus during the first quarter worth about $322,000. Arizona State Retirement System raised its stake in shares of 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 in the last quarter. Zebra Capital Management LLC purchased a new stake in shares of ePlus during the first quarter worth about $283,000. Finally, Fiduciary Management Inc. WI raised its stake in shares of ePlus by 677.3% in the first quarter. Fiduciary Management Inc. WI now owns 335,775 shares of the company’s stock worth $27,033,000 after buying an additional 292,575 shares in the last quarter. 84.72% of the stock is currently owned by institutional investors.
ePlus Company Profile
ePlus inc. is an integrator of technology solutions for information technology (IT) lifecycle management. The Company is engaged in selling, leasing, financing, and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products, third-party software, third-party maintenance, advanced professional and managed services and its software to commercial, state and local governments and government contractors.
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