Jason Harman Sells 11,932 Shares of EPAM Systems Inc (EPAM) Stock

EPAM Systems Inc (NYSE:EPAM) SVP Jason Harman sold 11,932 shares of EPAM Systems stock in a transaction on Friday, June 15th. The shares were sold at an average price of $123.81, for a total transaction of $1,477,300.92. Following the completion of the transaction, the senior vice president now directly owns 14,578 shares of the company’s stock, valued at approximately $1,804,902.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

EPAM Systems opened at $123.31 on Wednesday, according to MarketBeat. The stock has a market cap of $6.63 billion, a P/E ratio of 43.27, a price-to-earnings-growth ratio of 1.91 and a beta of 0.95. EPAM Systems Inc has a twelve month low of $77.96 and a twelve month high of $131.75. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.02.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The firm 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%. EPAM Systems’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. equities analysts predict that EPAM Systems Inc will post 3.27 EPS for the current year.



A number of research analysts have weighed in on the stock. Berenberg Bank lifted their price objective on shares of EPAM Systems to $145.00 in a report on Thursday, May 10th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price objective (up previously from $130.00) on shares of EPAM Systems in a report on Monday, March 19th. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 price objective on shares of EPAM Systems in a report on Wednesday, May 9th. Finally, SunTrust Banks initiated coverage on shares of EPAM Systems in a research note on Thursday, April 19th. They set a “buy” rating and a $130.00 target price for the company. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. EPAM Systems presently has a consensus rating of “Buy” and an average price target of $125.25.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in EPAM Systems by 11.9% during the first quarter. BlackRock Inc. now owns 3,743,627 shares of the information technology services provider’s stock worth $428,720,000 after acquiring an additional 398,653 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in EPAM Systems by 50.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 762,658 shares of the information technology services provider’s stock valued at $87,340,000 after purchasing an additional 254,435 shares during the last quarter. Wasatch Advisors Inc. boosted its holdings in EPAM Systems by 5.0% in the 1st quarter. Wasatch Advisors Inc. now owns 567,824 shares of the information technology services provider’s stock valued at $65,027,000 after purchasing an additional 27,085 shares during the last quarter. Geode Capital Management LLC boosted its holdings in EPAM Systems by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 407,598 shares of the information technology services provider’s stock valued at $43,788,000 after purchasing an additional 25,157 shares during the last quarter. Finally, Martin Currie Ltd. boosted its holdings in EPAM Systems by 7.4% in the 4th quarter. Martin Currie Ltd. now owns 405,816 shares of the information technology services provider’s stock valued at $43,597,000 after purchasing an additional 27,899 shares during the last quarter. Hedge funds and other institutional investors own 90.45% of the company’s stock.

EPAM Systems Company Profile

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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