EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 74,293 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.16, for a total transaction of $7,366,893.88. Following the sale, the chief executive officer now directly owns 1,985,851 shares in the company, valued at $196,916,985.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, November 2nd, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00.
  • On Monday, October 30th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The shares were sold at an average price of $90.81, for a total transaction of $1,362,150.00.
  • On Monday, October 23rd, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The shares were sold at an average price of $91.09, for a total transaction of $1,366,350.00.
  • On Monday, October 16th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The shares were sold at an average price of $90.92, for a total transaction 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 transaction 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 transaction 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 transaction of $415,200.00.
  • On Wednesday, September 27th, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The shares were sold at an average price of $84.02, for a total transaction of $840,200.00.
  • On Monday, September 18th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The shares were sold at an average price of $82.66, for a total transaction of $413,300.00.
  • On Tuesday, September 12th, Arkadiy Dobkin sold 20,455 shares of EPAM Systems stock. The shares were sold at an average price of $85.56, for a total transaction of $1,750,129.80.

EPAM Systems, Inc. (NYSE EPAM) traded up $0.28 during mid-day trading on Monday, hitting $99.95. 332,811 shares of the company traded hands, compared to its average volume of 268,698. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.05 and a quick ratio of 6.05. EPAM Systems, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $100.30. The firm has a market capitalization of $5,255.43, a P/E ratio of 39.40, a PEG ratio of 2.12 and a beta of 0.95.

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

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Several brokerages have recently weighed in on EPAM. Bank of America Corporation increased their price objective on shares of EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday. Citigroup Inc. increased their price objective on shares of EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday. UBS AG reissued a “buy” rating and issued a $105.00 price objective (up from $96.00) on shares of EPAM Systems in a research report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective (up from $90.00) on shares of EPAM Systems in a research report on Friday. Finally, Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Wednesday, November 1st. Fifteen equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $98.29.

A number of institutional investors have recently made changes to their positions in EPAM. Acrospire Investment Management LLC acquired a new stake in EPAM Systems during the second quarter worth about $101,000. Jacobi Capital Management LLC acquired a new stake in EPAM Systems during the second quarter worth about $119,000. PNC Financial Services Group Inc. grew its stake in EPAM Systems by 34.9% during 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 grew its stake in EPAM Systems by 11.6% during 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 grew its stake in EPAM Systems by 1,762.5% during 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. Hedge funds and other institutional investors own 88.60% of the company’s stock.

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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