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ePlus (NASDAQ:PLUS) Director Terrence Odonnell sold 1,304 shares of the 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 $61,940.00. Following the completion of the sale, the director now directly owns 12,684 shares of the company’s stock, valued at approximately $602,490. The sale was disclosed in a document filed with the SEC, which is available at this link.

ePlus (NASDAQ:PLUS) traded down 1.56% during mid-day trading on Thursday, hitting $49.86. 26,920 shares of the company’s stock traded hands. ePlus has a 1-year low of $47.49 and a 1-year 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 price-to-earnings 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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