EPAM Systems CFO Anthony J. Conte Sells 4,500 Shares (EPAM)
EPAM Systems (NASDAQ:EPAM) CFO Anthony J. Conte sold 4,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $43.62, for a total value of $196,290.00. Following the completion of the sale, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $174,480. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
EPAM Systems (NASDAQ:EPAM) traded up 2.36% during mid-day trading on Thursday, hitting $43.02. The stock had a trading volume of 246,170 shares. EPAM Systems has a 52-week low of $25.84 and a 52-week high of $46.70. The stock’s 50-day moving average is $42.25 and its 200-day moving average is $37.71. The company has a market cap of $2.021 billion and a P/E ratio of 30.93.
EPAM Systems (NASDAQ:EPAM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of EPAM Systems from $38.00 to $41.00 in a research note on Friday, June 6th. They now have an “equal weight” rating on the stock. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $41.92.
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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