Insider Selling: EPAM Systems, Inc. (EPAM) CEO Sells $2,404,200.00 in Stock
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 stock was sold at an average price of $80.14, for a total transaction of $2,404,200.00. Following the completion of the transaction, the chief executive officer now owns 2,110,851 shares in the company, valued at $169,163,599.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Arkadiy Dobkin also recently made the following trade(s):
- 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. (EPAM) opened at 78.83 on Friday. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $87.93. The company has a market capitalization of $4.14 billion, a PE ratio of 38.06 and a beta of 0.99. The firm’s 50-day moving average is $83.31 and its 200 day moving average is $78.94.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $342 million. During the same quarter last year, the firm earned $0.71 EPS. EPAM Systems’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts expect that EPAM Systems, Inc. will post $3.32 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of EPAM. Acrospire Investment Management LLC acquired a new stake in shares of EPAM Systems during the second quarter worth $101,000. Jacobi Capital Management LLC acquired a new stake in shares of EPAM Systems during the second quarter worth $119,000. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $123,000 after buying an additional 378 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 worth $134,000 after buying an additional 166 shares during the period. Finally, Creative Planning raised its stake in shares of EPAM Systems by 1,101.2% in the first quarter. Creative Planning now owns 2,018 shares of the information technology services provider’s stock worth $152,000 after buying an additional 1,850 shares during the period. Hedge funds and other institutional investors own 95.28% of the company’s stock.
EPAM has been the topic of several recent research reports. Jefferies Group LLC set a $95.00 target price on shares of EPAM Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. Berenberg Bank set a $95.00 target price on shares of EPAM Systems and gave the stock a “buy” rating in a report on Sunday, August 6th. Barclays PLC dropped 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. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 target price on shares of EPAM Systems in a 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. EPAM Systems has a consensus rating of “Buy” and a consensus target price of $90.60.
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.
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