Insider Selling: Karl Robb Sells 5,408 Shares of EPAM Systems Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) EVP Karl Robb sold 5,408 shares of EPAM Systems stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $34.40, for a total value of $186,035.20. Following the transaction, the executive vice president now directly owns 97,400 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EPAM shares. Analysts at Stifel Nicolaus raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $29.50 to $38.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $33.00 to $36.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $28.00 to $33.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.93.
EPAM Systems (NASDAQ:EPAM) traded down 2.75% on Friday, hitting $33.24. The stock had a trading volume of 1,481,616 shares. EPAM Systems has a one year low of $17.32 and a one year high of $34.74. The stock’s 50-day moving average is $30.95 and its 200-day moving average is $25.82. The company has a market cap of $1.532 billion and a price-to-earnings ratio of 29.04.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Thursday, August 8th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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