EPAM Systems Inc (EPAM) Director Ronald P. Vargo Sells 2,000 Shares

EPAM Systems Inc (NYSE:EPAM) Director Ronald P. Vargo sold 2,000 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $125.57, for a total transaction of $251,140.00. Following the transaction, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,541,497.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

EPAM stock traded down $1.52 during trading hours on Friday, reaching $123.97. The stock had a trading volume of 8,479 shares, compared to its average volume of 238,170. The stock has a market cap of $6.71 billion, a P/E ratio of 43.51, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.39 and a quick ratio of 5.39. EPAM Systems Inc has a fifty-two week low of $77.96 and a fifty-two week high of $131.75.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $424.15 million for the quarter, compared to analyst estimates of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The company’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. equities research analysts anticipate that EPAM Systems Inc will post 3.27 EPS for the current fiscal year.



Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of EPAM Systems by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 116,566 shares of the information technology services provider’s stock valued at $12,523,000 after purchasing an additional 9,928 shares during the period. BlackRock Inc. raised its position in shares of EPAM Systems by 8.3% in the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock valued at $359,349,000 after purchasing an additional 256,217 shares during the period. Bank of Montreal Can raised its position in shares of EPAM Systems by 113.9% in the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 944 shares during the period. Mackenzie Financial Corp bought a new position in EPAM Systems during the fourth quarter worth about $1,676,000. Finally, American International Group Inc. increased its position in EPAM Systems by 1.8% during the fourth quarter. American International Group Inc. now owns 33,568 shares of the information technology services provider’s stock worth $3,606,000 after acquiring an additional 593 shares during the period. 90.73% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Cowen increased their target price on shares of EPAM Systems from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, May 17th. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. KeyCorp increased their target price on shares of EPAM Systems to $132.00 and gave the stock an “overweight” rating in a report on Monday, May 7th. Berenberg Bank increased their price target on shares of EPAM Systems to $145.00 in a research note on Thursday, May 10th. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $130.00) on shares of EPAM Systems in a research note on Monday, March 19th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.25.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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

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