ePlus Inc. (PLUS) Stock Price Up 1.8%
ePlus Inc. (NASDAQ:PLUS) rose 1.8% during mid-day trading on Wednesday . The stock traded as high as $91.94 and last traded at $90.88, with a volume of 84,159 shares. The stock had previously closed at $89.23.
PLUS has been the topic of several analyst reports. Sidoti restated a “buy” rating and set a $106.00 price objective (down previously from $110.00) on shares of ePlus in a report on Thursday, May 26th. Canaccord Genuity restated a “buy” rating and set a $100.00 price objective on shares of ePlus in a report on Thursday, May 26th. Finally, Zacks Investment Research cut ePlus from a “hold” rating to a “sell” rating in a report on Friday, May 27th.
The stock has a market cap of $641.99 million and a price-to-earnings ratio of 14.18. The firm has a 50-day moving average of $85.69 and a 200 day moving average of $82.24.
In other news, CEO Phillip G. Norton sold 1,500 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $82.52, for a total transaction of $123,780.00. Following the completion of the transaction, the chief executive officer now owns 38,702 shares of the company’s stock, valued at $3,193,689.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elaine D. Marion sold 3,500 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $85.80, for a total transaction of $300,300.00. Following the transaction, the chief financial officer now directly owns 54,852 shares of the company’s stock, valued at approximately $4,706,301.60. The disclosure for this sale can be found here.
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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