EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.14, for a total transaction of $2,404,200.00. Following the sale, the chief executive officer now owns 2,110,851 shares of the company’s stock, valued at $169,163,599.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arkadiy Dobkin also recently made the following trade(s):

  • On Monday, August 14th, Arkadiy Dobkin sold 25,100 shares of EPAM Systems stock. The shares were sold at an average price of $80.49, for a total transaction of $2,020,299.00.

Shares of EPAM Systems, Inc. (NYSE:EPAM) traded down 0.72% during trading on Wednesday, hitting $80.08. 95,201 shares of the stock traded hands. EPAM Systems, Inc. has a 12 month low of $54.53 and a 12 month high of $87.93. The firm’s 50-day moving average price is $83.62 and its 200-day moving average price is $78.82. The stock has a market cap of $4.21 billion, a PE ratio of 38.67 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The business had revenue of $348.98 million during the quarter, compared to analyst estimates of $342 million. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts anticipate that EPAM Systems, Inc. will post $3.32 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in EPAM Systems by 76,013.5% in the first quarter. BlackRock Inc. now owns 2,995,067 shares of the information technology services provider’s stock valued at $226,186,000 after buying an additional 2,991,132 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in EPAM Systems by 70.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,058,688 shares of the information technology services provider’s stock valued at $155,472,000 after buying an additional 850,759 shares during the last quarter. Morgan Stanley raised its position in EPAM Systems by 21.0% in the first quarter. Morgan Stanley now owns 3,461,697 shares of the information technology services provider’s stock valued at $261,428,000 after buying an additional 600,775 shares during the last quarter. FMR LLC raised its position in EPAM Systems by 19.4% in the first quarter. FMR LLC now owns 3,675,177 shares of the information technology services provider’s stock valued at $277,549,000 after buying an additional 598,179 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in EPAM Systems during the second quarter valued at approximately $27,404,000. 95.28% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Jefferies Group LLC set a $95.00 price target on shares of EPAM Systems and gave the company a “buy” rating in a research report on Thursday, August 17th. Berenberg Bank set a $95.00 price target on shares of EPAM Systems and gave the company a “buy” rating in a research report on Sunday, August 6th. Barclays PLC cut their price target on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $78.00 price target on shares of EPAM Systems in a research report on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $90.60.

About EPAM Systems

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.

Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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