ePlus inc. (NASDAQ:PLUS) Director John E. Callies sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $83.15, for a total value of $83,150.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of ePlus inc. (NASDAQ PLUS) traded down 1.99% during mid-day trading on Thursday, hitting $81.20. The company had a trading volume of 58,868 shares. The firm has a market capitalization of $1.15 billion, a PE ratio of 21.30 and a beta of 1.41. ePlus inc. has a 52 week low of $41.47 and a 52 week high of $89.65. The firm has a 50-day moving average price of $78.22 and a 200-day moving average price of $92.37.

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A number of institutional investors have recently made changes to their positions in PLUS. Sei Investments Co. raised its position 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 position in shares of ePlus inc. during the second quarter worth $111,000. Elkfork Partners LLC raised its position 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 raised its position 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 raised its position 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. Institutional investors own 49.17% of the company’s stock.

A number of analysts recently commented on the company. BidaskClub downgraded ePlus inc. from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised ePlus inc. from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Saturday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price target on shares of ePlus inc. in a research report on Thursday, August 3rd. Finally, ValuEngine raised ePlus inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.05.

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.

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

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