Eplus Inc (PLUS) Files Form 4 Insider Selling : Phillip G Norton Sells 42,682 Shares

Eplus Inc (PLUS): Phillip G Norton , Executive Chairman of Eplus Inc sold 42,682 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $90.59 per share for a total value of $3,865,599.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, Bruce M Bowen (director) sold 4,900 shares at $95.03 per share price.On Aug 16, 2016, Elaine D Marion (Chief Financial Officer) sold 3,500 shares at $85.80 per share price.Also, On Aug 15, 2016, Phillip G Norton (Executive Chairman) sold 20,780 shares at $86.65 per share price.On Aug 12, 2016, Terrence Odonnell (director) sold 1,175 shares at $89.65 per share price.

Shares of ePlus (PLUS) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.79 points or -0.87% at $90.27 with 62,973 shares getting traded. Post opening the session at $90.6, the shares hit an intraday low of $89.771 and an intraday high of $90.745 and the price vacillated in this range throughout the day. The company has a market cap of $640 M and the number of outstanding shares has been calculated to be 70,93,603 shares. The 52-week high of ePlus is $109.33 and the 52-week low is $61.78.

ePlus Money Flow Index Chart

ePlus inc. is an integrator of technology solutions for information technology (IT) lifecycle management. The Company is engaged in selling leasing financing and managing information technology and other assets. The Company operates in two segments: technology and financing. The Company’s technology segment includes sales of information technology products third-party software third-party maintenance advanced professional and managed services and its software to commercial state and local governments and government contractors. The financing segment consists of the financing of IT equipment software and related services to commercial state and local governments and government contractors. The Company designs implements and provides an array of IT solutions from multiple IT vendors including Check Point Cisco Systems Dell EMC FireEye F5 Networks Hewlett-Packard Juniper McAfee NetApp Nimble Oracle Palo Alto Networks Pure Storage and VMware among others.

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