Arkadiy Dobkin Sells 75,000 Shares of EPAM Systems, Inc. (EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.64, for a total value of $7,623,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, November 2nd, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The stock was sold at an average price of $95.00, for a total value of $950,000.00.
  • On Monday, November 6th, Arkadiy Dobkin sold 74,293 shares of EPAM Systems stock. The stock was sold at an average price of $99.16, for a total value of $7,366,893.88.
  • On Monday, October 30th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $90.81, for a total value of $1,362,150.00.
  • 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 16th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $90.92, for a total value of $1,363,800.00.
  • 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 stock was 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 stock was 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.

Shares of EPAM Systems, Inc. (NYSE EPAM) traded up $0.98 during trading hours on Friday, reaching $103.61. The company’s stock had a trading volume of 211,100 shares, compared to its average volume of 336,337. The stock has a market capitalization of $5,440.00, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.97 and a beta of 0.95. EPAM Systems, Inc. has a 1-year low of $61.34 and a 1-year high of $104.32. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. The business had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. sell-side analysts predict that EPAM Systems, Inc. will post 2.69 EPS for the current fiscal year.

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Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Wednesday, November 1st. Bank of America Corporation assumed coverage on EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price objective for the company. UBS AG increased their price objective on EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 4th. BidaskClub cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 16th. Finally, KeyCorp raised their target price on EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, September 13th. Fifteen equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $98.29.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of EPAM Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock worth $329,591,000 after purchasing an additional 105,644 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of EPAM Systems by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after purchasing an additional 119,230 shares in the last quarter. BlackRock Inc. increased its holdings in shares of EPAM Systems by 0.5% in the 2nd quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock worth $253,188,000 after purchasing an additional 15,882 shares in the last quarter. State Street Corp increased its holdings in shares of EPAM Systems by 6.5% in the 2nd quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock worth $81,460,000 after purchasing an additional 59,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of EPAM Systems by 87.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after purchasing an additional 432,237 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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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