EPAM Systems (EPAM) CFO Sells $404,913.60 in Stock
EPAM Systems (NYSE:EPAM) CFO Jason D. Peterson sold 3,120 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $129.78, for a total value of $404,913.60. Following the completion of the sale, the chief financial officer now owns 10,627 shares of the company’s stock, valued at $1,379,172.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of EPAM Systems opened at $124.99 on Wednesday, Marketbeat reports. EPAM Systems has a 52-week low of $123.37 and a 52-week high of $125.80. The stock has a market capitalization of $6.71 billion, a PE ratio of 43.86, a PEG ratio of 1.93 and a beta of 0.94. 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 (NYSE:EPAM) last posted its earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 EPS for the quarter, topping the consensus estimate 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 return on equity of 17.45% and a net margin of 7.33%. EPAM Systems’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. equities analysts predict that EPAM Systems will post 3.28 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in EPAM Systems by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 116,566 shares of the information technology services provider’s stock worth $12,523,000 after acquiring an additional 9,928 shares during the period. Taylor Frigon Capital Management LLC acquired a new stake in EPAM Systems during the fourth quarter worth about $2,824,000. BlackRock Inc. grew its holdings in EPAM Systems by 8.3% during the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock worth $359,349,000 after acquiring an additional 256,217 shares during the period. Strs Ohio grew its holdings in EPAM Systems by 146.9% during the fourth quarter. Strs Ohio now owns 20,000 shares of the information technology services provider’s stock worth $2,148,000 after acquiring an additional 11,900 shares during the period. Finally, Bank of Montreal Can grew its holdings in EPAM Systems by 113.9% during the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after acquiring an additional 944 shares during the period. 90.18% of the stock is currently owned by hedge funds and other institutional investors.
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.
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