ePlus Inc. (PLUS) Stock Price Up 5%
ePlus Inc. (NASDAQ:PLUS) shares traded up 5% during mid-day trading on Friday . The stock traded as high as $89.66 and last traded at $88.96, with a volume of 159,212 shares traded. The stock had previously closed at $84.71.
A number of research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $110.00 price objective on shares of ePlus in a research report on Thursday, August 4th. Zacks Investment Research raised ePlus from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Sidoti reaffirmed a “buy” rating and set a $106.00 price objective (down previously from $110.00) on shares of ePlus in a research report on Thursday, May 26th.
The firm has a market capitalization of $636.79 million and a price-to-earnings ratio of 14.0696. The company has a 50 day moving average price of $83.73 and a 200-day moving average price of $81.68.
ePlus (NASDAQ:PLUS) last announced its earnings results on Wednesday, May 25th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.25. The business had revenue of $299.40 million for the quarter, compared to analysts’ expectations of $284.62 million. On average, equities research analysts expect that ePlus Inc. will post $6.51 earnings per share for the current year.
In other ePlus news, Director Bruce M. Bowen sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $87.61, for a total transaction of $438,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phillip G. Norton sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $82.52, for a total value of $123,780.00. Following the transaction, the chief executive officer now owns 38,702 shares of the company’s stock, valued at approximately $3,193,689.04. 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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