EPAM Systems Inc (NYSE:EPAM) CFO Jason D. Peterson Sells 3,469 Shares

EPAM Systems Inc (NYSE:EPAM) CFO Jason D. Peterson sold 3,469 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $186.92, for a total transaction of $648,425.48. Following the sale, the chief financial officer now directly owns 15,473 shares of the company’s stock, valued at $2,892,213.16. The sale was disclosed in a document filed with the SEC, which is available through this link.

EPAM stock opened at $188.02 on Friday. The firm has a fifty day moving average price of $188.25 and a 200 day moving average price of $172.27. EPAM Systems Inc has a fifty-two week low of $104.77 and a fifty-two week high of $201.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.41 and a current ratio of 4.72. The firm has a market cap of $10.31 billion, a PE ratio of 48.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.08. The firm had revenue of $551.60 million during the quarter, compared to analyst estimates of $549.84 million. EPAM Systems had a net margin of 11.98% and a return on equity of 18.90%. EPAM Systems’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. On average, equities analysts predict that EPAM Systems Inc will post 4.36 EPS for the current year.

A number of research analysts recently weighed in on EPAM shares. 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. Cowen raised their target price on shares of EPAM Systems from $180.00 to $210.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 target price for the company in a report on Wednesday. Finally, Cantor Fitzgerald raised their target price on shares of EPAM Systems from $187.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, August 9th. 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. The stock presently has an average rating of “Buy” and an average price target of $173.10.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of EPAM Systems by 1.3% during the second quarter. Vanguard Group Inc. now owns 4,743,727 shares of the information technology services provider’s stock worth $821,140,000 after purchasing an additional 59,165 shares during the last quarter. BlackRock Inc. raised its holdings in shares of EPAM Systems by 24.4% in the second quarter. BlackRock Inc. now owns 2,857,844 shares of the information technology services provider’s stock valued at $494,692,000 after acquiring an additional 560,378 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of EPAM Systems by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 2,701,508 shares of the information technology services provider’s stock valued at $467,170,000 after acquiring an additional 39,168 shares in the last quarter. Invesco Ltd. raised its holdings in shares of EPAM Systems by 68.6% in the second quarter. Invesco Ltd. now owns 2,337,667 shares of the information technology services provider’s stock valued at $404,650,000 after acquiring an additional 950,958 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its holdings in shares of EPAM Systems by 11.7% in the first 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 in the last quarter. 91.42% of the stock is owned by institutional investors.

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

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