EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $90.81, for a total value of $1,362,150.00. Following the transaction, the chief executive officer now owns 1,995,851 shares in the company, valued at approximately $181,243,229.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, October 23rd, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $91.09, for a total value of $1,366,350.00.
  • On Monday, October 16th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $90.92, for a total value of $1,363,800.00.
  • On Monday, October 9th, Arkadiy Dobkin sold 20,000 shares of EPAM Systems stock. The shares were sold at an average price of $89.88, for a total value of $1,797,600.00.
  • On Monday, October 2nd, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The shares were sold at an average price of $87.47, for a total value of $874,700.00.
  • On Monday, September 25th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The shares were sold at an average price of $83.04, for a total value of $415,200.00.
  • On Wednesday, September 27th, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The stock was sold at an average price of $84.02, for a total value of $840,200.00.
  • On Monday, September 18th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The stock was sold at an average price of $82.66, for a total value of $413,300.00.
  • On Tuesday, September 12th, Arkadiy Dobkin sold 20,455 shares of EPAM Systems stock. The stock was sold at an average price of $85.56, for a total value of $1,750,129.80.
  • On Monday, September 11th, Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock. The stock was sold at an average price of $84.79, for a total value of $4,828,366.55.
  • On Tuesday, September 5th, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The stock was sold at an average price of $82.15, for a total value of $2,464,500.00.

EPAM Systems, Inc. (EPAM) traded up $9.06 during mid-day trading on Friday, hitting $99.67. The stock had a trading volume of 391,254 shares, compared to its average volume of 264,660. The company has a market capitalization of $5.21 billion, a P/E ratio of 39.19 and a beta of 0.95.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. The company had revenue of $377.50 million during the quarter, compared to analyst estimates of $368.22 million. EPAM Systems had a return on equity of 16.35% and a net margin of 9.41%. EPAM Systems’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. analysts expect that EPAM Systems, Inc. will post 2.55 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in shares of EPAM Systems in the second quarter valued at approximately $101,000. Jacobi Capital Management LLC purchased a new position in EPAM Systems in the second quarter valued at approximately $119,000. PNC Financial Services Group Inc. lifted its stake in EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 166 shares during the last quarter. Finally, US Bancorp DE lifted its stake in EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock valued at $175,000 after purchasing an additional 1,974 shares during the last quarter. 87.89% of the stock is owned by institutional investors.

Several brokerages have commented on EPAM. UBS AG reaffirmed a “buy” rating and set a $105.00 target price (up from $96.00) on shares of EPAM Systems in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price (up from $90.00) on shares of EPAM Systems in a report on Friday. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $92.00 target price on shares of EPAM Systems in a report on Thursday. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 target price on shares of EPAM Systems in a report on Sunday, October 29th. Fifteen analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $96.86.

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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