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ePlus (NASDAQ:PLUS) CEO Phillip G. Norton sold 29,810 shares of the company’s stock on the open market in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $47.50, for a total transaction of $1,415,975.00. Following the transaction, the chief executive officer now directly owns 39,252 shares in the company, valued at approximately $1,864,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ePlus (NASDAQ:PLUS) traded down 1.56% on Thursday, hitting $49.86. The stock had a trading volume of 26,920 shares. ePlus has a 52-week low of $47.49 and a 52-week high of $66.99. The stock’s 50-day moving average is $54.80 and its 200-day moving average is $55.18. The company has a market cap of $402.1 million and a P/E ratio of 11.82.

Separately, analysts at Stifel Nicolaus initiated coverage on shares of ePlus in a research note on Monday. They set a “buy” rating and a $62.00 price target on the stock.

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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