EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 20,455 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $85.56, for a total transaction of $1,750,129.80. Following the sale, the chief executive officer now directly owns 2,085,851 shares in the company, valued at approximately $178,465,411.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, September 11th, Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock. The shares were sold at an average price of $84.79, for a total transaction of $4,828,366.55.
  • On Tuesday, September 5th, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The shares were sold at an average price of $82.15, for a total transaction of $2,464,500.00.
  • On Thursday, August 31st, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $80.49, for a total transaction of $2,020,299.00.

EPAM Systems, Inc. (NYSE:EPAM) traded down 2.66% during trading on Thursday, reaching $83.02. 346,672 shares of the company were exchanged. EPAM Systems, Inc. has a 52-week low of $54.53 and a 52-week high of $87.93. The stock has a market capitalization of $4.36 billion, a PE ratio of 40.09 and a beta of 0.99. The firm’s 50 day moving average is $82.44 and its 200 day moving average is $80.23.

EPAM Systems (NYSE:EPAM) last issued its 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 firm had revenue of $348.98 million for the quarter, compared to analyst estimates of $342.00 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that EPAM Systems, Inc. will post $3.30 EPS for the current year.

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A number of brokerages have recently commented on EPAM. BidaskClub raised shares of EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. KeyCorp lifted their target price on shares of EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday. Berenberg Bank set a $95.00 target price on shares of EPAM Systems and gave the company a “buy” rating in a report on Sunday, August 6th. Barclays PLC cut their target price on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $95.00 target price on shares of EPAM Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.54.

A number of hedge funds and other institutional investors have recently modified their holdings of EPAM. BlackRock Inc. increased 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 worth $226,186,000 after buying an additional 2,991,132 shares during the period. Massachusetts Financial Services Co. MA increased 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 worth $155,472,000 after buying an additional 850,759 shares during the period. Morgan Stanley increased 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 worth $261,428,000 after buying an additional 600,775 shares during the period. FMR LLC increased its holdings in shares of EPAM Systems by 19.4% during 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 purchasing an additional 598,179 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of EPAM Systems during the second quarter valued at $27,404,000. 87.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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