ePlus Inc. (NASDAQ:PLUS) Director Lawrence S. Herman sold 600 shares of ePlus stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $71.74, for a total transaction of $43,044.00. Following the completion of the sale, the director now directly owns 10,749 shares of the company’s stock, valued at approximately $771,133.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ:PLUS opened at $71.07 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. ePlus Inc. has a 12 month low of $65.52 and a 12 month high of $107.25. The company has a market capitalization of $972.46 million, a price-to-earnings ratio of 15.28 and a beta of 1.46.

ePlus (NASDAQ:PLUS) last issued its quarterly earnings results on Wednesday, May 22nd. The software maker reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. The business had revenue of $325.43 million for the quarter, compared to analysts’ expectations of $357.65 million. ePlus had a net margin of 4.60% and a return on equity of 16.81%. On average, sell-side analysts forecast that ePlus Inc. will post 4.24 earnings per share for the current year.

PLUS has been the subject of a number of research analyst reports. BidaskClub raised shares of ePlus from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 13th. Zacks Investment Research downgraded shares of ePlus from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Berenberg Bank set a $98.00 target price on shares of ePlus and gave the stock a “buy” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. ePlus has an average rating of “Hold” and an average target price of $99.50.

Several institutional investors have recently modified their holdings of the company. US Bancorp DE grew its holdings in ePlus by 1,186.4% during the 1st quarter. US Bancorp DE now owns 566 shares of the software maker’s stock valued at $50,000 after purchasing an additional 522 shares during the last quarter. Quantamental Technologies LLC bought a new position in ePlus during the 1st quarter valued at about $62,000. One Wealth Advisors LLC bought a new position in ePlus during the 1st quarter valued at about $64,000. Zions Bancorporation N.A. bought a new position in ePlus during the 1st quarter valued at about $191,000. Finally, Everence Capital Management Inc. bought a new position in ePlus during the 1st quarter valued at about $202,000. Institutional investors and hedge funds own 91.39% of the company’s stock.

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About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

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