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

EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 20,000 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $89.88, for a total transaction of $1,797,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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.
  • On Tuesday, September 12th, Arkadiy Dobkin sold 20,455 shares of EPAM Systems stock. The stock was sold at an average price of $85.56, for a total transaction of $1,750,129.80.
  • On Monday, September 11th, Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock. The stock was sold at an average price of $84.79, for a total transaction 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 90.63 on Thursday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 43.76 and a beta of 0.99. The firm’s 50-day moving average price is $84.62 and its 200-day moving average price is $82.09. EPAM Systems, Inc. has a 12 month low of $54.53 and a 12 month high of $90.68.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. The firm had revenue of $348.98 million for the quarter, compared to analyst estimates of $342.00 million. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Equities research analysts predict that EPAM Systems, Inc. will post $3.30 earnings per share for the current year.

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Several large investors have recently bought and sold shares of EPAM. Acrospire Investment Management LLC acquired a new stake in EPAM Systems during the 2nd quarter worth $101,000. Jacobi Capital Management LLC acquired a new stake in shares of EPAM Systems in the 2nd quarter valued at about $119,000. PNC Financial Services Group Inc. raised its stake in shares of EPAM Systems by 34.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 378 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of EPAM Systems by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 166 shares during the period. Finally, US Bancorp DE raised its stake in shares of EPAM Systems by 1,762.5% in the 2nd quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock valued at $175,000 after purchasing an additional 1,974 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

EPAM has been the subject of several research analyst reports. Cowen and Company reissued a “buy” rating and issued a $95.00 price objective on shares of EPAM Systems in a report on Friday, September 1st. KeyCorp increased their price target on EPAM Systems from $90.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, September 13th. BidaskClub upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Bank of America Corporation initiated coverage on EPAM Systems in a research report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price 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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