Insider Selling: ePlus inc. (NASDAQ:PLUS) COO Sells 4,833 Shares of Stock

ePlus inc. (NASDAQ:PLUS) COO Darren S. Raiguel sold 4,833 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $80.37, for a total transaction of $388,428.21. Following the transaction, the chief operating officer now owns 33,290 shares in the company, valued at approximately $2,675,517.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ePlus Stock Performance

Shares of PLUS opened at $79.26 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.59 and a current ratio of 1.93. The stock has a 50-day moving average of $77.92 and a two-hundred day moving average of $75.33. The stock has a market cap of $2.14 billion, a P/E ratio of 16.72 and a beta of 1.17. ePlus inc. has a one year low of $45.18 and a one year high of $83.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Swedbank AB purchased a new stake in ePlus in the first quarter valued at approximately $15,315,000. Lumbard & Kellner LLC purchased a new stake in shares of ePlus in the 1st quarter valued at $2,459,000. Janus Henderson Group PLC increased its stake in shares of ePlus by 68.0% in the first quarter. Janus Henderson Group PLC now owns 64,597 shares of the software maker’s stock worth $5,073,000 after acquiring an additional 26,143 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of ePlus by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,617 shares of the software maker’s stock worth $1,306,000 after purchasing an additional 933 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in ePlus by 1,236.7% during the first quarter. EntryPoint Capital LLC now owns 1,056 shares of the software maker’s stock valued at $83,000 after purchasing an additional 977 shares during the period. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their target price on shares of ePlus from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, April 15th.

About ePlus

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 internationally. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; and professional and managed services, including managed, professional, security solutions, cloud consulting and hosting, staff augmentation, storage-as-a-service, server and desktop support, and project management services.