ePlus inc. (NASDAQ:PLUS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $82.30 and last traded at $82.30, with a volume of 107,545 shares trading hands. The stock had previously closed at $80.90.
Several research firms have weighed in on PLUS. Stifel Nicolaus restated a “hold” rating and set a $75.00 target price on shares of ePlus inc. in a report on Thursday. Zacks Investment Research upgraded ePlus inc. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, ValuEngine upgraded ePlus inc. from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ePlus inc. presently has a consensus rating of “Hold” and an average target price of $41.30.
The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 22.88 and a beta of 1.41. The company has a 50-day moving average price of $76.58 and a 200-day moving average price of $93.23.
In other news, insider Phillip G. Norton sold 20,880 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $79.04, for a total transaction of $1,650,355.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric D. Hovde sold 3,389 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $80.30, for a total transaction of $272,136.70. Following the transaction, the director now owns 68,703 shares of the company’s stock, valued at $5,516,850.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,103 shares of company stock valued at $5,136,851. Company insiders own 3.25% of the company’s stock.
Several large investors have recently modified their holdings of PLUS. Sei Investments Co. boosted its stake in shares of ePlus inc. by 169.6% in the second quarter. Sei Investments Co. now owns 1,386 shares of the software maker’s stock worth $103,000 after buying an additional 872 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of ePlus inc. during the second quarter worth about $111,000. Elkfork Partners LLC boosted its stake in shares of 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. Bank of Montreal Can boosted its stake in shares of ePlus inc. by 74.2% in the second quarter. Bank of Montreal Can now owns 1,606 shares of the software maker’s stock worth $119,000 after buying an additional 684 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of ePlus inc. by 254.7% in the second quarter. State of Alaska Department of Revenue now owns 2,589 shares of the software maker’s stock worth $191,000 after buying an additional 1,859 shares during the last quarter. 48.84% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “ePlus inc. (NASDAQ:PLUS) Hits New 1-Year High at $82.30” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/03/eplus-inc-nasdaqplus-hits-new-1-year-high-at-82-30.html.
About ePlus inc.
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.
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.
