ePlus Inc. (PLUS) Director Eric D. Hovde Sells 6,817 Shares
ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 6,817 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $112.10, for a total value of $764,185.70. Following the transaction, the director now owns 76,207 shares in the company, valued at $8,542,804.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of ePlus Inc. (NASDAQ:PLUS) opened at 111.20 on Thursday. The firm has a 50-day moving average price of $97.54 and a 200 day moving average price of $89.57. ePlus Inc. has a 12-month low of $61.78 and a 12-month high of $112.75. The stock has a market cap of $787.30 million, a PE ratio of 16.79 and a beta of 1.08.
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Several institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in shares of ePlus by 19.2% in the third quarter. BlackRock Fund Advisors now owns 465,392 shares of the company’s stock valued at $43,938,000 after buying an additional 74,933 shares during the last quarter. Henderson Group PLC increased its position in shares of ePlus by 57.6% in the second quarter. Henderson Group PLC now owns 186,300 shares of the company’s stock valued at $15,237,000 after buying an additional 68,066 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new position in shares of ePlus during the third quarter valued at approximately $4,096,000. Emerald Acquisition Ltd. acquired a new position in shares of ePlus during the second quarter valued at approximately $2,465,000. Finally, JPMorgan Chase & Co. increased its position in shares of ePlus by 49,534.5% in the third quarter. JPMorgan Chase & Co. now owns 28,788 shares of the company’s stock valued at $2,719,000 after buying an additional 28,730 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.
Several equities analysts recently issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $110.00 price target on shares of ePlus in a research report on Thursday, August 4th. Zacks Investment Research upgraded ePlus from a “hold” rating to a “strong-buy” rating and set a $112.00 price target on the stock in a research report on Tuesday, November 8th. Finally, Sidoti lowered ePlus from a “buy” rating to a “neutral” rating and set a $110.00 price target on the stock. in a research report on Tuesday, November 15th.
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.
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