Insider Selling: Balazs Fejes Unloads 23,230 Shares of EPAM Systems Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) SVP Balazs Fejes sold 23,230 shares of the company’s stock on the open market in a transaction dated Friday, September 20th. The shares were sold at an average price of $35.00, for a total value of $813,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on EPAM. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $30.93.
EPAM Systems (NASDAQ:EPAM) traded down 0.12% on Monday, hitting $33.95. 250,269 shares of the company’s stock traded hands. EPAM Systems has a 52 week low of $17.32 and a 52 week high of $35.15. The stock’s 50-day moving average is $31.7 and its 200-day moving average is $26.36. The company has a market cap of $1.565 billion and a P/E ratio of 28.88.
EPAM Systems (NASDAQ:EPAM) last posted its quarterly 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts predict that EPAM Systems will post $1.57 earnings per share for the current fiscal year.
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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