Arkadiy Dobkin Sells 15,000 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $90.92, for a total value of $1,363,800.00. Following the sale, the chief executive officer now directly owns 2,025,851 shares in the company, valued at approximately $184,190,372.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, October 23rd, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $91.09, for a total value of $1,366,350.00.
  • On Monday, October 9th, Arkadiy Dobkin sold 20,000 shares of EPAM Systems stock. The stock was sold at an average price of $89.88, for a total value of $1,797,600.00.
  • On Monday, October 2nd, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The stock was sold at an average price of $87.47, for a total value 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 value 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 value of $840,200.00.
  • On Monday, September 18th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The stock was sold at an average price of $82.66, for a total value of $413,300.00.
  • On Tuesday, September 12th, Arkadiy Dobkin sold 20,455 shares of EPAM Systems stock. The stock was sold at an average price of $85.56, for a total value of $1,750,129.80.
  • On Monday, September 11th, Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock. The stock was sold at an average price of $84.79, for a total value of $4,828,366.55.
  • On Tuesday, September 5th, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The stock was sold at an average price of $82.15, for a total value of $2,464,500.00.
  • 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.

Shares of EPAM Systems, Inc. (EPAM) traded up 0.68% during trading on Friday, hitting $90.95. The company’s stock had a trading volume of 235,757 shares. The company has a 50-day moving average price of $87.43 and a 200-day moving average price of $83.24. The stock has a market cap of $4.78 billion, a PE ratio of 43.92 and a beta of 0.99. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $91.97.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. The business had revenue of $348.98 million for the quarter, compared to analysts’ expectations of $342.00 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 quarter last year, the company posted $0.71 earnings per share. Equities analysts predict that EPAM Systems, Inc. will post $3.34 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 purchasing an additional 105,644 shares during the period. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 183,111 shares during the period. BlackRock Inc. increased its stake 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 purchasing an additional 15,882 shares during the period. State Street Corp increased its stake in shares of EPAM Systems by 6.5% in the second quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock valued at $81,460,000 after purchasing an additional 59,511 shares during the period. Finally, Northern Trust Corp increased its stake in shares of EPAM Systems by 4.0% in the second quarter. Northern Trust Corp now owns 643,019 shares of the information technology services provider’s stock valued at $54,072,000 after purchasing an additional 24,964 shares during the period. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Several research firms have recently commented on EPAM. Cowen and Company reissued a “buy” rating and issued a $95.00 price target on shares of EPAM Systems in a research report on Thursday, October 12th. Citigroup Inc. boosted their price target on EPAM Systems from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating on shares of EPAM Systems in a research report on Friday, October 20th. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, BidaskClub raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.14.

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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