EPAM Systems, Inc. (NYSE:EPAM) CEO Arkadiy Dobkin sold 20,455 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $85.56, for a total transaction of $1,750,129.80. Following the sale, the chief executive officer now directly owns 2,085,851 shares in the company, valued at $178,465,411.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • 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 stock was sold at an average price of $82.15, for a total transaction of $2,464,500.00.
  • On Thursday, August 31st, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The stock was sold at an average price of $80.57, for a total transaction of $2,014,250.00.
  • On Monday, August 28th, Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock. The stock was sold at an average price of $78.86, for a total transaction of $394,300.00.
  • On Tuesday, August 22nd, Arkadiy Dobkin sold 30,000 shares of EPAM Systems stock. The stock was sold at an average price of $80.14, for a total transaction of $2,404,200.00.
  • On Monday, August 14th, Arkadiy Dobkin sold 25,100 shares of EPAM Systems stock. The stock was sold at an average price of $80.49, for a total transaction of $2,020,299.00.

EPAM Systems, Inc. (NYSE EPAM) traded down 1.46% during midday trading on Friday, hitting $81.80. 732,889 shares of the company traded hands. The stock has a 50 day moving average price of $82.44 and a 200-day moving average price of $80.23. EPAM Systems, Inc. has a 12-month low of $54.53 and a 12-month high of $87.93. The company has a market cap of $4.30 billion, a PE ratio of 39.50 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The company had revenue of $348.98 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that EPAM Systems, Inc. will post $3.30 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/09/15/epam-systems-inc-epam-ceo-arkadiy-dobkin-sells-20455-shares-of-stock.html.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in EPAM Systems by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock valued at $329,591,000 after acquiring an additional 105,644 shares in the last quarter. FMR LLC grew its stake in EPAM Systems by 19.4% during the 1st quarter. FMR LLC now owns 3,675,177 shares of the information technology services provider’s stock valued at $277,549,000 after acquiring an additional 598,179 shares in the last quarter. Morgan Stanley grew its stake in EPAM Systems by 21.0% during the 1st quarter. Morgan Stanley now owns 3,461,697 shares of the information technology services provider’s stock valued at $261,428,000 after acquiring an additional 600,775 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $254,691,000 after acquiring an additional 183,111 shares in the last quarter. Finally, BlackRock Inc. grew its stake in EPAM Systems by 0.5% during the 2nd quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock valued at $253,188,000 after acquiring an additional 15,882 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors.

EPAM has been the topic of several analyst reports. Credit Suisse Group initiated coverage on shares of EPAM Systems in a research note on Tuesday, July 4th. They set an “outperform” rating and a $90.00 price target on the stock. UBS AG raised their price target on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reaffirmed a “buy” rating and set a $95.00 price target on shares of EPAM Systems in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. EPAM Systems has an average rating of “Buy” and a consensus price target of $91.54.

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)

Receive News & Ratings for EPAM Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.