ePlus Inc. (NASDAQ:PLUS) shares fell 6.4% during mid-day trading on Tuesday . The company traded as low as $79.77 and last traded at $80.07, with a volume of 107,803 shares trading hands. The stock had previously closed at $85.57.

A number of research firms have recently issued reports on PLUS. Zacks Investment Research raised ePlus from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 27th. Sidoti reissued a “buy” rating and issued a $106.00 target price (down previously from $110.00) on shares of ePlus in a report on Thursday, May 26th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $100.00 target price on shares of ePlus in a report on Thursday, May 26th.

The firm has a market cap of $574.66 million and a PE ratio of 13.15. The firm has a 50-day moving average price of $82.98 and a 200 day moving average price of $82.07.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. The business had revenue of $299.40 million for the quarter, compared to analyst estimates of $284.62 million. On average, equities research analysts expect that ePlus Inc. will post $6.20 EPS for the current fiscal year.

In other ePlus news, COO Mark P. Marron sold 4,900 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $85.00, for a total transaction of $416,500.00. Following the transaction, the chief operating officer now owns 58,938 shares of the company’s stock, valued at approximately $5,009,730. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Phillip G. Norton sold 1,500 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $82.52, for a total value of $123,780.00. Following the transaction, the chief executive officer now directly owns 38,702 shares in the company, valued at approximately $3,193,689.04. The disclosure for this sale can be found here.

An institutional investor recently raised its position in ePlus stock. Monarch Partners Asset Management LLC boosted its position in ePlus Inc. (NASDAQ:PLUS) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,925 shares of the company’s stock after buying an additional 800 shares during the period. Monarch Partners Asset Management LLC owned 0.23% of ePlus worth $1,578,000 as of its most recent filing with the SEC.

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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