Elaina Shekhter Sells 11,744 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CMO Elaina Shekhter sold 11,744 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $485.02, for a total value of $5,696,074.88.

Elaina Shekhter also recently made the following trade(s):

  • On Wednesday, June 2nd, Elaina Shekhter sold 1,023 shares of EPAM Systems stock. The shares were sold at an average price of $485.00, for a total value of $496,155.00.
  • On Wednesday, May 26th, Elaina Shekhter sold 3,827 shares of EPAM Systems stock. The shares were sold at an average price of $480.03, for a total value of $1,837,074.81.

EPAM stock opened at $505.63 on Friday. EPAM Systems, Inc. has a 1 year low of $225.70 and a 1 year high of $506.81. The business has a fifty day moving average price of $456.15. The stock has a market cap of $28.52 billion, a P/E ratio of 84.41, a P/E/G ratio of 3.28 and a beta of 1.38. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, May 6th. The information technology services provider reported $1.81 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.42. EPAM Systems had a return on equity of 18.17% and a net margin of 12.57%. The company had revenue of $780.80 million for the quarter, compared to analysts’ expectations of $763.88 million. During the same period last year, the firm earned $1.43 EPS. EPAM Systems’s revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts expect that EPAM Systems, Inc. will post 6.5 earnings per share for the current year.

Several analysts have commented on the company. Morgan Stanley increased their target price on EPAM Systems from $467.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Needham & Company LLC increased their target price on EPAM Systems from $460.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. VTB Capital reiterated a “hold” rating and set a $425.00 target price on shares of EPAM Systems in a research note on Monday, April 19th. Piper Sandler increased their target price on EPAM Systems from $507.00 to $517.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Finally, Wells Fargo & Company raised their price target on EPAM Systems from $395.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday, February 19th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. EPAM Systems has a consensus rating of “Buy” and an average price target of $445.50.

Institutional investors have recently made changes to their positions in the stock. MAI Capital Management raised its holdings in EPAM Systems by 1.4% in the 1st quarter. MAI Capital Management now owns 104,853 shares of the information technology services provider’s stock worth $41,594,000 after purchasing an additional 1,471 shares during the period. Jag Capital Management LLC raised its holdings in EPAM Systems by 257.3% during the first quarter. Jag Capital Management LLC now owns 42,086 shares of the information technology services provider’s stock valued at $16,695,000 after acquiring an additional 30,308 shares during the period. Executive Wealth Management LLC raised its holdings in EPAM Systems by 24.5% during the first quarter. Executive Wealth Management LLC now owns 9,133 shares of the information technology services provider’s stock valued at $3,622,000 after acquiring an additional 1,797 shares during the period. Campbell Newman Asset Management Inc. raised its holdings in EPAM Systems by 5.2% during the first quarter. Campbell Newman Asset Management Inc. now owns 4,146 shares of the information technology services provider’s stock valued at $1,645,000 after acquiring an additional 204 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in EPAM Systems by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,371 shares of the information technology services provider’s stock valued at $63,561,000 after acquiring an additional 718 shares during the period. 91.81% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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