ePlus Inc. (NASDAQ:PLUS) Director Eric D. Hovde sold 9,661 shares of ePlus stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $112.03, for a total value of $1,082,321.83. Following the sale, the director now directly owns 76,207 shares in the company, valued at approximately $8,537,470.21. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of ePlus Inc. (NASDAQ:PLUS) traded down 0.58% during trading on Wednesday, reaching $111.20. The company’s stock had a trading volume of 64,799 shares. The firm’s 50-day moving average is $97.54 and its 200 day moving average is $89.57. ePlus Inc. has a 52-week low of $61.78 and a 52-week high of $112.75. The company has a market cap of $787.30 million, a PE ratio of 16.79 and a beta of 1.08.

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

COPYRIGHT VIOLATION WARNING: “ePlus Inc. (PLUS) Director Sells $1,082,321.83 in Stock” was first posted by Financial Market News and is the propert of of Financial Market News. If you are reading this article on another domain, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be read at http://www.financial-market-news.com/eplus-inc-plus-director-sells-1082321-83-in-stock/1211173/.

A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in ePlus during the second quarter valued at about $2,465,000. Nordea Investment Management AB increased its position in ePlus by 292.2% in the second quarter. Nordea Investment Management AB now owns 7,632 shares of the company’s stock valued at $624,000 after buying an additional 5,686 shares during the last quarter. California State Teachers Retirement System increased its position in ePlus by 10.5% in the second quarter. California State Teachers Retirement System now owns 13,255 shares of the company’s stock valued at $1,084,000 after buying an additional 1,259 shares during the last quarter. California Public Employees Retirement System increased its position in ePlus by 0.9% in the second quarter. California Public Employees Retirement System now owns 34,200 shares of the company’s stock valued at $2,797,000 after buying an additional 300 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in ePlus by 33.8% in the second quarter. Victory Capital Management Inc. now owns 1,433 shares of the company’s stock valued at $117,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Several equities analysts recently commented on PLUS shares. Canaccord Genuity restated a “buy” rating and set a $110.00 target price 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 target price for the company in a research report on Tuesday, November 8th. Finally, Sidoti downgraded ePlus from a “buy” rating to a “neutral” rating and set a $110.00 target price for the company. in a research report on Tuesday, November 15th.

ePlus 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.

5 Day Chart for 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.