EPAM Systems CFO Unloads $204,100 in Stock (EPAM)
EPAM Systems (NASDAQ:EPAM) CFO Anthony J. Conte sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $40.82, for a total value of $204,100.00. Following the sale, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $163,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of EPAM Systems (NASDAQ:EPAM) traded down 0.05% during mid-day trading on Monday, hitting $40.70. The stock had a trading volume of 99,614 shares. EPAM Systems has a 52-week low of $29.44 and a 52-week high of $46.70. The stock has a 50-day moving average of $40.48 and a 200-day moving average of $38.37. The company has a market cap of $1.934 billion and a P/E ratio of 29.77.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Monday, August 4th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.05. The company had revenue of $174.70 million for the quarter, compared to the consensus estimate of $169.52 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. On average, analysts predict that EPAM Systems will post $2.07 earnings per share for the current fiscal year.
Separately, 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.25.
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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