EPAM Systems CFO Sells $100,000 in Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) CFO Anthony J. Conte unloaded 2,500 shares of the stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $40.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $160,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EPAM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of EPAM Systems in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock. Analysts at Barclays downgraded shares of EPAM Systems from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 3rd. They now have a $38.00 price target on the stock, down previously from $47.00. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.32.
Shares of EPAM Systems (NASDAQ:EPAM) traded up 0.53% during mid-day trading on Tuesday, hitting $41.42. The stock had a trading volume of 634,408 shares. EPAM Systems has a one year low of $22.86 and a one year high of $46.70. The stock has a 50-day moving average of $34.30 and a 200-day moving average of $36.10. The company has a market cap of $1.946 billion and a P/E ratio of 30.32.
EPAM Systems (NASDAQ:EPAM) last released its earnings data on Wednesday, April 30th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.06. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $153.02 million. Analysts expect that EPAM Systems will post $1.98 EPS 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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