Insider Selling: EPAM Systems Inc (EPAM) CEO Sells 15,000 Shares of Stock

EPAM Systems Inc (NYSE:EPAM) CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $166.13, for a total transaction of $2,491,950.00. Following the transaction, the chief executive officer now directly owns 1,713,490 shares in the company, valued at $284,662,093.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Arkadiy Dobkin also recently made the following trade(s):

  • On Wednesday, May 15th, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The shares were sold at an average price of $168.71, for a total transaction of $4,217,750.00.

Shares of EPAM stock opened at $166.41 on Friday. The company has a market cap of $9.35 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.41 and a current ratio of 4.41. EPAM Systems Inc has a 52-week low of $104.77 and a 52-week high of $180.55.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.33. The company had revenue of $521.30 million for the quarter, compared to analyst estimates of $519.11 million. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. EPAM Systems’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Sell-side analysts anticipate that EPAM Systems Inc will post 4.24 earnings per share for the current fiscal year.

Several brokerages recently issued reports on EPAM. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $180.00 price objective (up from $158.00) on shares of EPAM Systems in a report on Wednesday, May 8th. KeyCorp lifted their price objective on shares of EPAM Systems from $144.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, February 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EPAM Systems to $167.00 and gave the company an “overweight” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $160.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new stake in EPAM Systems in the first quarter valued at approximately $34,000. Penserra Capital Management LLC acquired a new stake in EPAM Systems in the first quarter valued at approximately $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in EPAM Systems in the first quarter valued at approximately $85,000. Cresset Asset Management LLC acquired a new stake in EPAM Systems in the first quarter valued at approximately $111,000. Finally, Meeder Asset Management Inc. boosted its stake in EPAM Systems by 1,227.5% in the first quarter. Meeder Asset Management Inc. now owns 677 shares of the information technology services provider’s stock valued at $115,000 after acquiring an additional 626 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

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EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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