Eplus Inc (PLUS) Files Form 4 Insider Selling : Phillip G Norton Sells 1,500 Shares

Eplus Inc (PLUS): Phillip G Norton , President and CEO of Eplus Inc sold 1,500 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $82.52 per share for a total value of $123,784.95 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 24, 2016, Mark P Marron (Chief Operating Officer) sold 4,900 shares at $85.00 per share price.On Mar 3, 2016, John E Callies (director) sold 1,000 shares at $75.53 per share price.Also, On Feb 1, 2016, Phillip G Norton (President and CEO) sold 100 shares at $94.05 per share price.On Dec 28, 2015, Elaine D Marion (Chief Financial Officer) sold 5,000 shares at $93.53 per share price.

ePlus: On Monday, Jul 11, 2016 heightened volatility was witnessed in ePlus which led to swings in the share price. The shares opened for trading at $82.32 and hit $84.04 on the upside , eventually ending the session at $82.59, with a gain of 0.95% or 0.78 points. The heightened volatility saw the trading volume jump to 52,796 shares. The 52-week high of the share price is $109.33 and the company has a market cap of $593 M . The 52-week low of the share price is at $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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