ePlus Inc. (NASDAQ:PLUS – Get Rating) Director Eric D. Hovde sold 9,898 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $55.92, for a total value of $553,496.16. Following the sale, the director now directly owns 51,940 shares of the company, valued at approximately $2,904,484.80. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink.
Shares of PLUS were up $0.03 in Friday’s midday session, hitting $53.54. 3,259 shares were traded against an average volume of 123,190. ePlus inc. has a 12-month low of $42.00 and a 12-month high of $69.74. The company has a quick ratio of 1.61, a current ratio of 1.95 and a leverage ratio of 0.01. The company has a market capitalization of $1.44 billion, a P/E ratio of 13.60 and a beta of 1.24. The stock’s 50-day simple moving average is $56.54 and its 200-day simple moving average is $56.70.
ePlus (NASDAQ:PLUS – Get Rating) last released its results on Wednesday, May 25. The software maker reported earnings per share of $0.91 for the quarter, beating analysts’ consensus estimate of $0.63 by $0.28. ePlus had a return on equity of 16.92% and a net margin of 5.80%. The company posted revenue of $451.52 million in the quarter, versus a consensus estimate of $407.60 million. In the same quarter last year, the company earned earnings per share of $0.58. As a group, analysts predict that ePlus inc. will show earnings per share of 3.55 for the current year.
Several hedge funds and other institutional investors have recently changed their stock holdings. Capital Research Global Investors bought a new position in ePlus in the first quarter worth approximately $17,087,000. Zebra Capital Management LLC increased its position in ePlus by 2.1% in the first quarter. Zebra Capital Management LLC now owns 11,302 shares of the software maker valued at $634,000 after acquiring 233 additional shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in ePlus in the first quarter worth approximately $314,000. Goldman Sachs Group Inc. increased its position in ePlus by 240.3% in the first quarter. Goldman Sachs Group Inc. now owns 120,589 shares of the software maker valued at $6,760,000 after acquiring 85,154 additional shares in the last quarter. Finally, PDT Partners LLC increased its position in ePlus by 2.9% in the first quarter. PDT Partners LLC now owns 18,939 shares of the software maker valued at $1,062,000 after acquiring 541 additional shares in the last quarter. Institutional investors hold 92.04% of the company’s shares.
Separately, StockNews.com upgraded ePlus from a “hold” rating to a “buy” rating in a Wednesday, May 18 report.
About ePlus (Get a rating)
ePlus Inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and abroad. It operates in two segments, technology and financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and in-house and outsourced services; and professional and managed services, including managed and professional security solutions, consulting and cloud hosting services, staff augmentation, server and desktop support, and security management services. project.
Get news and reviews for ePlus Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for ePlus and related companies with MarketBeat.com’s free daily email newsletter.