EPAM Systems, Inc. (EPAM) CEO Arkadiy Dobkin Sells 25,000 Shares

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.57, for a total value of $2,014,250.00. Following the transaction, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at $167,654,165.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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 Monday, August 28th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The stock was sold at an average price of $78.86, for a total value of $394,300.00.
  • On Tuesday, August 22nd, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The stock was sold at an average price of $80.14, for a total value of $2,404,200.00.
  • On Monday, August 14th, Arkadiy Dobkin sold 25,100 shares of EPAM Systems stock. The stock was sold at an average price of $80.49, for a total value of $2,020,299.00.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at 81.80 on Friday. EPAM Systems, Inc. has a one year low of $54.53 and a one year high of $87.93. The firm’s 50-day moving average price is $82.32 and its 200-day moving average price is $80.29. The stock has a market capitalization of $4.30 billion, a P/E ratio of 39.50 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $348.98 million during 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 firm’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. Equities research analysts anticipate that EPAM Systems, Inc. will post $3.30 EPS for the current fiscal year.

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EPAM has been the subject of a number of recent research reports. Barclays PLC decreased their target price on EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 4th. BidaskClub lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, July 31st. UBS AG lifted their target price on EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 4th. Berenberg Bank set a $95.00 target price on EPAM Systems and gave the company a “buy” rating in a report on Sunday, August 6th. Finally, Jefferies Group LLC set a $95.00 target price on EPAM Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $91.54.

Large investors have recently bought and sold shares of the business. Acrospire Investment Management LLC purchased a new position in EPAM Systems in the 2nd quarter valued at about $101,000. Jacobi Capital Management LLC purchased a new position in EPAM Systems in the 2nd quarter valued at about $119,000. PNC Financial Services Group Inc. boosted its position in EPAM Systems by 34.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EPAM Systems by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 166 shares during the last quarter. Finally, Creative Planning boosted its position in EPAM Systems by 1,101.2% in the 1st quarter. Creative Planning now owns 2,018 shares of the information technology services provider’s stock valued at $152,000 after buying an additional 1,850 shares during the last quarter. 87.90% of the stock is owned by institutional investors.

About EPAM Systems

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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