EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 25,100 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $80.49, for a total value of $2,020,299.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EPAM Systems, Inc. (NYSE EPAM) opened at 79.95 on Friday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 38.60 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. The company’s 50-day moving average price is $83.86 and its 200 day moving average price is $78.27.

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

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A number of research analysts have recently commented on the company. Berenberg Bank set a $95.00 price target on EPAM Systems and gave the company a “buy” rating in a research note on Sunday, August 6th. Monness Crespi & Hardt increased their price target on EPAM Systems from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Wedbush increased their price target on EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Barclays PLC increased their price target on EPAM Systems from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, May 15th. Finally, UBS AG increased their price target on EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. EPAM Systems has a consensus rating of “Buy” and a consensus target price of $90.11.

Several institutional investors have recently modified their holdings of EPAM. Vanguard Group Inc. increased its position in shares of EPAM Systems by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock valued at $329,591,000 after buying an additional 105,644 shares during the period. FMR LLC increased its position in shares of 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 period. Morgan Stanley increased its position in shares of 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 period. JPMorgan Chase & Co. increased its position in shares of EPAM Systems by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 3,028,774 shares of the information technology services provider’s stock valued at $254,691,000 after buying an additional 183,111 shares during the period. Finally, BlackRock Inc. increased its position in shares of EPAM Systems by 0.5% in the second quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock valued at $253,188,000 after buying an additional 15,882 shares during the period. 95.28% of the stock is owned by hedge funds and other institutional investors.

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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