Insider Selling: EPAM Systems, Inc. (EPAM) CEO Sells $7,623,000.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 75,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.64, for a total transaction of $7,623,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $413,300.00.

Shares of EPAM Systems, Inc. (NYSE:EPAM) opened at $103.70 on Friday. EPAM Systems, Inc. has a one year low of $61.34 and a one year high of $104.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56. The company has a market cap of $5,440.00, a price-to-earnings ratio of 40.56, a P/E/G ratio of 1.97 and a beta of 0.95.

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

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A number of large investors have recently made changes to their positions in EPAM. Canada Pension Plan Investment Board grew its position in EPAM Systems by 87.4% during 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 during the last quarter. Macquarie Group Ltd. purchased a new position in EPAM Systems during the 2nd quarter worth $27,404,000. Mesirow Financial Investment Management Equity Management purchased a new position in EPAM Systems during the 2nd quarter worth $18,578,000. BARING ASSET MANAGEMENT Ltd grew its position in EPAM Systems by 105.7% during the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 406,329 shares of the information technology services provider’s stock worth $35,728,000 after purchasing an additional 208,825 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in EPAM Systems by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,028,774 shares of the information technology services provider’s stock worth $254,691,000 after purchasing an additional 183,111 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

A number of research firms have issued reports on EPAM. Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday. Bank of America Corporation increased their target price on shares of EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Citigroup Inc. increased their target price on shares of EPAM Systems from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. UBS AG reiterated a “buy” rating and set a $105.00 target price (up from $96.00) on shares of EPAM Systems in a report on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price (up from $90.00) on shares of EPAM Systems in a report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $98.29.

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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