EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 30,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $82.15, for a total value of $2,464,500.00. Following the transaction, the chief executive officer now owns 2,075,851 shares of the company’s stock, valued at approximately $170,531,159.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 value 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 value 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 value 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 value of $2,020,299.00.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at 84.54 on Friday. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $87.93. The company’s 50-day moving average price is $82.65 and its 200-day moving average price is $79.88. The stock has a market cap of $4.44 billion, a PE ratio of 40.82 and a beta of 0.99.

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

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Several research analysts have recently weighed in on EPAM shares. Wedbush increased their price target on EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Barclays PLC cut their price target on EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. BidaskClub downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG increased their price target on EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Berenberg Bank set a $95.00 price target on EPAM Systems and gave the stock a “buy” rating in a research note on Sunday, August 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $91.00.

Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new stake in shares of EPAM Systems in the second quarter worth about $101,000. Jacobi Capital Management LLC purchased a new stake in shares of EPAM Systems in the second quarter worth about $119,000. PNC Financial Services Group Inc. lifted its position 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 in the last quarter. Finally, US Bancorp DE lifted its position in shares of 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 worth $175,000 after buying an additional 1,974 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

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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