ePlus inc. (PLUS) Insider Phillip G. Norton Sells 20,880 Shares

ePlus inc. (NASDAQ:PLUS) insider Phillip G. Norton sold 20,880 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $79.04, for a total value of $1,650,355.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ePlus inc. (NASDAQ:PLUS) traded down 0.27% during midday trading on Monday, reaching $74.30. 73,251 shares of the company’s stock were exchanged. ePlus inc. has a one year low of $39.09 and a one year high of $81.30. The firm has a market cap of $1.05 billion, a PE ratio of 20.64 and a beta of 1.37. The stock’s 50-day moving average is $75.06 and its 200 day moving average is $102.02.

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

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Several institutional investors have recently bought and sold shares of PLUS. Public Employees Retirement System of Ohio boosted its position in ePlus inc. by 17.5% in the first quarter. Public Employees Retirement System of Ohio now owns 5,344 shares of the software maker’s stock worth $722,000 after buying an additional 796 shares during the period. Credit Suisse AG boosted its position in ePlus inc. by 36.9% in the first quarter. Credit Suisse AG now owns 12,277 shares of the software maker’s stock worth $1,658,000 after buying an additional 3,310 shares during the period. State Street Corp boosted its position in shares of ePlus inc. by 8.5% in the first quarter. State Street Corp now owns 152,289 shares of the software maker’s stock worth $20,573,000 after buying an additional 11,988 shares during the last quarter. Bank of America Corp DE boosted its position in shares of ePlus inc. by 103.7% in the first quarter. Bank of America Corp DE now owns 10,865 shares of the software maker’s stock worth $1,468,000 after buying an additional 5,532 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of ePlus inc. by 10.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 39,570 shares of the software maker’s stock worth $5,344,000 after buying an additional 3,788 shares during the last quarter. 47.85% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on PLUS shares. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Saturday, April 22nd. ValuEngine cut ePlus inc. from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. ePlus inc. has a consensus rating of “Hold” and an average target price of $24.31.

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.

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