Insider Selling: Anthony J. Conte Sells 4,500 Shares of EPAM Systems Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) CFO Anthony J. Conte unloaded 4,500 shares of EPAM Systems stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $41.73, for a total transaction of $187,785.00. Following the completion of the transaction, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $166,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.32.
Shares of EPAM Systems (NASDAQ:EPAM) traded up 1.74% on Wednesday, hitting $42.59. 229,634 shares of the company’s stock traded hands. EPAM Systems has a 52-week low of $24.15 and a 52-week high of $46.70. The stock’s 50-day moving average is $36.08 and its 200-day moving average is $36.39. The company has a market cap of $2.001 billion and a P/E ratio of 30.80.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Wednesday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that EPAM Systems will post $1.98 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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