Arkadiy Dobkin Sells 25,100 Shares of EPAM Systems, Inc. (EPAM) Stock
EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 25,100 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $80.49, for a total transaction of $2,020,299.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of EPAM Systems, Inc. (NYSE:EPAM) traded up 0.46% during midday trading on Tuesday, reaching $82.39. 344,572 shares of the company were exchanged. The company has a 50 day moving average price of $84.05 and a 200-day moving average price of $78.11. The stock has a market capitalization of $4.33 billion, a P/E ratio of 39.78 and a beta of 0.99. EPAM Systems, Inc. has a 12-month low of $54.53 and a 12-month high of $87.93.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business had revenue of $348.98 million during the quarter, compared to the consensus estimate of $342 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts forecast that EPAM Systems, Inc. will post $3.32 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. American National Insurance Co. TX acquired a new position in EPAM Systems during the first quarter valued at $3,225,000. Russell Investments Group Ltd. increased its position in EPAM Systems by 43.1% in the first quarter. Russell Investments Group Ltd. now owns 491,593 shares of the information technology services provider’s stock valued at $37,125,000 after buying an additional 148,146 shares during the last quarter. Strs Ohio increased its position in EPAM Systems by 19.3% in the first quarter. Strs Ohio now owns 6,800 shares of the information technology services provider’s stock valued at $513,000 after buying an additional 1,100 shares during the last quarter. Profit Investment Management LLC increased its position in EPAM Systems by 33.2% in the first quarter. Profit Investment Management LLC now owns 38,848 shares of the information technology services provider’s stock valued at $2,934,000 after buying an additional 9,686 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in EPAM Systems by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,006 shares of the information technology services provider’s stock valued at $982,000 after buying an additional 541 shares during the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.
EPAM has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $78.00 price target on shares of EPAM Systems in a report on Thursday, May 4th. Wedbush raised their target price on shares of EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $84.00 target price (up from $80.00) on shares of EPAM Systems in a research note on Friday, May 5th. BidaskClub downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research note on Friday, May 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $90.11.
EPAM Systems Company Profile
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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