EPAM Systems, Inc. (EPAM) CEO Arkadiy Dobkin Sells 20,000 Shares

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 20,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $89.88, for a total value of $1,797,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, October 2nd, Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $80.57, for a total value of $2,014,250.00.
  • On Monday, August 28th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The shares were 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 shares were sold at an average price of $80.14, for a total value of $2,404,200.00.

EPAM Systems, Inc. (EPAM) opened at 89.92 on Wednesday. EPAM Systems, Inc. has a 1-year low of $54.53 and a 1-year high of $90.50. The firm’s 50 day moving average price is $84.34 and its 200-day moving average price is $82.03. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 43.42 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.18. The firm 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 earnings per share. On average, equities analysts anticipate that EPAM Systems, Inc. will post $3.30 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its holdings in EPAM Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock valued at $549,000 after buying an additional 17 shares in the last quarter. Renaissance Group LLC increased its holdings in EPAM Systems by 0.6% in the second quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock valued at $321,000 after buying an additional 21 shares in the last quarter. D.A. Davidson & CO. increased its holdings in EPAM Systems by 0.9% in the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock valued at $366,000 after buying an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in EPAM Systems by 1.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after buying an additional 70 shares in the last quarter. Finally, CS Mckee LP increased its holdings in EPAM Systems by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after buying an additional 100 shares in the last quarter. 87.88% of the stock is owned by institutional investors.

EPAM has been the subject of several analyst reports. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. KeyCorp increased their price objective on EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Bank of America Corporation initiated coverage on EPAM Systems in a report on Tuesday, September 12th. They set a “buy” rating and a $95.00 price objective for the company. Finally, Berenberg Bank set a $95.00 price objective on EPAM Systems and gave the company a “buy” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $92.23.

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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