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Equities researchers at Stifel Nicolaus began coverage on shares of ePlus (NASDAQ:PLUS) in a research report issued on Monday, reports. The firm set a “buy” rating on the stock.

In other ePlus news, CEO Phillip G. Norton unloaded 198,730 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $47.50, for a total transaction of $9,439,675.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of ePlus (NASDAQ:PLUS) opened at 49.74 on Monday. ePlus has a one year low of $46.70 and a one year high of $66.99. The stock has a 50-day moving average of $55.23 and a 200-day moving average of $55.23. The company has a market cap of $401.1 million and a price-to-earnings ratio of 11.67.

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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