EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $82.15, for a total transaction of $2,464,500.00. Following the completion of the sale, the chief executive officer now owns 2,075,851 shares in the company, valued at $170,531,159.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, August 31st, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The stock was sold at an average price of $80.57, for a total transaction of $2,014,250.00.
  • On Monday, August 28th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The stock was sold at an average price of $78.86, for a total transaction of $394,300.00.
  • On Tuesday, August 22nd, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The stock was sold at an average price of $80.14, for a total transaction of $2,404,200.00.
  • On Monday, August 14th, Arkadiy Dobkin sold 25,100 shares of EPAM Systems stock. The stock was sold at an average price of $80.49, for a total transaction of $2,020,299.00.

EPAM Systems, Inc. (NYSE:EPAM) traded up 1.24% on Thursday, hitting $84.84. The stock had a trading volume of 388,724 shares. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 40.97 and a beta of 0.99. The company has a 50-day moving average price of $82.73 and a 200-day moving average price of $79.81. EPAM Systems, Inc. has a 1-year low of $54.53 and a 1-year high of $87.93.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. The business had revenue of $348.98 million for the quarter, compared to analysts’ expectations of $342 million. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts predict that EPAM Systems, Inc. will post $3.30 earnings per share for the current year.

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A number of research firms have commented on EPAM. BidaskClub cut shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Monness Crespi & Hardt upped their price objective on shares of EPAM Systems from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Berenberg Bank set a $95.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research report on Sunday, August 6th. Wedbush upped their price objective on shares of EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Barclays PLC upped their price objective on shares of EPAM Systems from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. EPAM Systems has an average rating of “Buy” and a consensus target price of $91.00.

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. increased its stake in EPAM Systems by 7.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 543,649 shares of the information technology services provider’s stock worth $45,715,000 after purchasing an additional 38,195 shares during the period. Grandeur Peak Global Advisors LLC increased its stake in EPAM Systems by 2.0% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 362,125 shares of the information technology services provider’s stock worth $30,451,000 after purchasing an additional 6,975 shares during the period. Ameritas Investment Partners Inc. increased its stake in EPAM Systems by 3.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,317 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 153 shares during the period. Bank of Nova Scotia purchased a new position in EPAM Systems in the 2nd quarter worth approximately $2,565,000. Finally, CS Mckee LP increased its stake in EPAM Systems by 0.6% in the 2nd quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock worth $1,501,000 after purchasing an additional 100 shares during the period. 87.90% of the stock is currently owned by institutional investors and hedge funds.

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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