Insider Selling: EPAM Systems Inc (NYSE:EPAM) CEO Sells 125,000 Shares of Stock

EPAM Systems Inc (NYSE:EPAM) CEO Arkadiy Dobkin sold 125,000 shares of EPAM Systems stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $177.08, for a total value of $22,135,000.00. Following the sale, the chief executive officer now directly owns 1,593,490 shares of the company’s stock, valued at $282,175,209.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Friday, June 7th, Arkadiy Dobkin sold 50,000 shares of EPAM Systems stock. The stock was sold at an average price of $176.77, for a total value of $8,838,500.00.
  • On Wednesday, June 5th, Arkadiy Dobkin sold 6,726 shares of EPAM Systems stock. The stock was sold at an average price of $170.11, for a total value of $1,144,159.86.
  • On Monday, June 3rd, Arkadiy Dobkin sold 18,274 shares of EPAM Systems stock. The stock was sold at an average price of $167.91, for a total value of $3,068,387.34.
  • On Thursday, May 30th, Arkadiy Dobkin sold 8,594 shares of EPAM Systems stock. The stock was sold at an average price of $170.29, for a total value of $1,463,472.26.
  • On Tuesday, May 28th, Arkadiy Dobkin sold 16,406 shares of EPAM Systems stock. The stock was sold at an average price of $168.07, for a total value of $2,757,356.42.
  • On Monday, May 20th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $166.13, for a total value of $2,491,950.00.
  • On Wednesday, May 15th, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The stock was sold at an average price of $168.71, for a total value of $4,217,750.00.

EPAM Systems stock opened at $177.45 on Wednesday. EPAM Systems Inc has a fifty-two week low of $104.77 and a fifty-two week high of $180.55. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $9.66 billion, a PE ratio of 45.38, a PEG ratio of 2.13 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.33. The business had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. EPAM Systems had a return on equity of 19.56% and a net margin of 12.19%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, equities research analysts expect that EPAM Systems Inc will post 4.24 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its position in EPAM Systems by 1.9% in the 1st quarter. Morgan Stanley now owns 6,210,524 shares of the information technology services provider’s stock valued at $1,050,386,000 after acquiring an additional 118,519 shares during the period. Vanguard Group Inc increased its position in EPAM Systems by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after acquiring an additional 117,376 shares during the period. BlackRock Inc. increased its position in EPAM Systems by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,297,466 shares of the information technology services provider’s stock valued at $388,570,000 after acquiring an additional 18,954 shares during the period. OppenheimerFunds Inc. increased its position in EPAM Systems by 11.7% in the 1st quarter. OppenheimerFunds Inc. now owns 1,581,263 shares of the information technology services provider’s stock valued at $267,438,000 after acquiring an additional 165,855 shares during the period. Finally, Wasatch Advisors Inc. increased its position in EPAM Systems by 2.7% in the 1st quarter. Wasatch Advisors Inc. now owns 611,167 shares of the information technology services provider’s stock valued at $103,367,000 after acquiring an additional 16,194 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

EPAM has been the subject of several research reports. VTB Capital downgraded EPAM Systems from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “strong-buy” rating and set a $170.00 target price for the company in a report on Wednesday, February 13th. JPMorgan Chase & Co. boosted their target price on EPAM Systems to $167.00 and gave the company an “overweight” rating in a report on Friday, February 15th. Finally, Wedbush reissued an “outperform” rating and issued a $180.00 target price (up from $158.00) on shares of EPAM Systems in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. EPAM Systems presently has a consensus rating of “Buy” and an average target price of $160.00.

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EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, 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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