Insider Selling: ePlus (NASDAQ:PLUS) COO Sells $89,950.00 in Stock

ePlus inc. (NASDAQ:PLUS) COO Darren Raiguel sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $89.95, for a total value of $89,950.00. Following the completion of the sale, the chief operating officer owned 55,748 shares of the company’s stock, valued at $5,014,532.60. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ePlus Price Performance

NASDAQ:PLUS opened at $85.37 on Friday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.04. ePlus inc. has a one year low of $62.11 and a one year high of $93.98. The business has a fifty day moving average price of $80.58 and a 200-day moving average price of $83.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of ePlus during the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC bought a new position in shares of ePlus during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in shares of ePlus by 47.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 439 shares of the software maker’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of ePlus by 361.9% during the 2nd quarter. Osaic Holdings Inc. now owns 448 shares of the software maker’s stock valued at $32,000 after purchasing an additional 351 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of ePlus by 30.8% during the 4th quarter. GAMMA Investing LLC now owns 904 shares of the software maker’s stock valued at $79,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 93.80% of the company’s stock.

Analysts Set New Price Targets

PLUS has been the subject of several recent analyst reports. Zacks Research raised shares of ePlus from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Weiss Ratings downgraded shares of ePlus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of ePlus from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About ePlus

ePlus Inc (NASDAQ:PLUS) is a technology solutions provider that helps enterprises and public-sector organizations maximize the value of their information technology investments. The company specializes in designing, implementing and managing complex IT infrastructures, with a focus on security, cloud computing, data center modernization and unified communications. By combining consulting services with software license management and hardware procurement, ePlus delivers end-to-end solutions that align with its clients’ strategic objectives.

The company’s offerings include cybersecurity assessments and managed security services, hybrid and public cloud deployments, network architecture and optimization, and collaboration platforms.