Insider Selling: EPAM Systems EVP Unloads 58,700 Shares of Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) EVP Karl Robb sold 58,700 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $40.29, for a total value of $2,365,023.00. Following the sale, the executive vice president now directly owns 48,700 shares in the company, valued at approximately $1,962,123. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
EPAM Systems (NASDAQ:EPAM) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $139.48 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 27.3% on a year-over-year basis.
EPAM has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of EPAM Systems from $41.00 to $45.00 in a research note to investors on Tuesday, January 21st. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of EPAM Systems in a research note to investors on Monday, November 11th. They now have a $42.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $39.92.
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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