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ePlus (NASDAQ:PLUS) major shareholder J.A.P. Investment Group, L.P. sold 1,149,096 shares of ePlus stock on the open market in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $47.50, for a total transaction of $54,582,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ePlus (NASDAQ:PLUS) traded up 0.30% on Wednesday, hitting $50.20. 31,125 shares of the company’s stock traded hands. ePlus has a 52 week low of $44.83 and a 52 week high of $66.99. The stock has a 50-day moving average of $55.83 and a 200-day moving average of $55.33. The company has a market cap of $404.8 million and a price-to-earnings ratio of 11.68.

ePlus inc. (NASDAQ:PLUS), along with its subsidiaries, is engaged in the business of selling, leasing, financing, and managing information technology and other assets and provides software.

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