ePlus inc. (NASDAQ:PLUS) Director C Thomas Faulders III sold 5,214 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $85.43, for a total transaction of $445,432.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ePlus inc. (PLUS) traded down 0.72% on Wednesday, hitting $82.85. 73,309 shares of the company traded hands. The firm’s 50 day moving average price is $76.58 and its 200-day moving average price is $93.23. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 21.73 and a beta of 1.41. ePlus inc. has a 1-year low of $41.47 and a 1-year high of $89.65.

ILLEGAL ACTIVITY WARNING: This piece was reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/09/eplus-inc-plus-director-sells-445432-02-in-stock.html.

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in ePlus inc. by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 129,347 shares of the software maker’s stock worth $17,469,000 after buying an additional 10,457 shares during the last quarter. Elkfork Partners LLC raised its stake in ePlus inc. by 160.0% in the first quarter. Elkfork Partners LLC now owns 884 shares of the software maker’s stock worth $119,000 after buying an additional 544 shares during the last quarter. Capital One National Association raised its stake in ePlus inc. by 3.7% in the first quarter. Capital One National Association now owns 8,588 shares of the software maker’s stock worth $1,160,000 after buying an additional 304 shares during the last quarter. Chicago Equity Partners LLC raised its stake in ePlus inc. by 9.6% in the first quarter. Chicago Equity Partners LLC now owns 47,545 shares of the software maker’s stock worth $6,421,000 after buying an additional 4,165 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in ePlus inc. by 63.9% in the first quarter. Wedge Capital Management L L P NC now owns 20,000 shares of the software maker’s stock worth $1,351,000 after buying an additional 7,800 shares during the last quarter. Institutional investors and hedge funds own 49.17% of the company’s stock.

Several research analysts have commented on PLUS shares. Zacks Investment Research raised shares of ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Saturday, April 22nd. ValuEngine downgraded shares of ePlus inc. from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Stifel Nicolaus reissued a “hold” rating and set a $75.00 price target on shares of ePlus inc. in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of ePlus inc. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. ePlus inc. presently has an average rating of “Buy” and an average target price of $47.05.

ePlus inc. Company Profile

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.

Insider Buying and Selling by Quarter for ePlus inc. (NASDAQ:PLUS)

Receive News & Ratings for ePlus inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ePlus inc. and related companies with MarketBeat.com's FREE daily email newsletter.