Ronald P. Vargo Sells 4,000 Shares of EPAM Systems, Inc. (EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) Director Ronald P. Vargo sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total transaction of $405,280.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of EPAM Systems, Inc. (NYSE EPAM) opened at $103.70 on Friday. EPAM Systems, Inc. has a 52-week low of $61.34 and a 52-week high of $104.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56. The firm has a market cap of $5,440.00, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 1.97 and a beta of 0.95.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. equities research analysts expect that EPAM Systems, Inc. will post 2.69 EPS for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its position in EPAM Systems by 6.8% in the third quarter. California Public Employees Retirement System now owns 103,657 shares of the information technology services provider’s stock valued at $9,115,000 after buying an additional 6,557 shares in the last quarter. Bamco Inc. NY boosted its position in EPAM Systems by 28.0% in the third quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock valued at $4,734,000 after buying an additional 11,763 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its stake in shares of EPAM Systems by 3.8% during the third quarter. Grandeur Peak Global Advisors LLC now owns 375,925 shares of the information technology services provider’s stock valued at $33,055,000 after acquiring an additional 13,800 shares during the last quarter. HCR Wealth Advisors bought a new position in shares of EPAM Systems during the third quarter valued at $440,000. Finally, OxFORD Asset Management LLP raised its stake in shares of EPAM Systems by 226.1% during the third quarter. OxFORD Asset Management LLP now owns 13,791 shares of the information technology services provider’s stock valued at $1,178,000 after acquiring an additional 9,562 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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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