EPAM Systems (NYSE:EPAM) SVP Lawrence Solomon Sells 3,299 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Lawrence Solomon sold 3,299 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $160.14, for a total transaction of $528,301.86. Following the completion of the transaction, the senior vice president owned 30,390 shares in the company, valued at $4,866,654.60. The trade was a 9.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

EPAM Systems Stock Performance

Shares of EPAM opened at $163.88 on Friday. The company has a market capitalization of $8.36 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.69 and a beta of 1.28. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.76 and a quick ratio of 2.76. The company’s fifty day moving average price is $125.48 and its 200 day moving average price is $120.28.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.10. EPAM Systems had a net margin of 7.53% and a return on equity of 16.76%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $3.08 EPS. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that EPAM Systems, Inc. will post 10.50 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EPAM. First Trust Advisors LP grew its position in EPAM Systems by 156.3% during the third quarter. First Trust Advisors LP now owns 662,143 shares of the information technology services provider’s stock worth $71,750,000 after buying an additional 403,838 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in EPAM Systems in the 3rd quarter valued at approximately $1,997,000. Ieq Capital LLC raised its holdings in EPAM Systems by 151.2% in the 3rd quarter. Ieq Capital LLC now owns 9,470 shares of the information technology services provider’s stock valued at $1,026,000 after acquiring an additional 5,700 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in EPAM Systems by 29.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 232,670 shares of the information technology services provider’s stock valued at $27,137,000 after acquiring an additional 53,213 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $6,342,000. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

EPAM has been the subject of several research analyst reports. Stifel Nicolaus set a $135.00 price objective on EPAM Systems in a research report on Thursday, August 6th. Mizuho set a $130.00 target price on EPAM Systems in a report on Monday, August 10th. JPMorgan Chase & Co. downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Wednesday, August 26th. Needham & Company LLC upped their price target on EPAM Systems from $120.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Finally, Wedbush upped their price target on EPAM Systems from $99.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, EPAM Systems has an average rating of “Hold” and a consensus target price of $145.87.

EPAM Systems Company Profile

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity. Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific. It works with organizations in industries including financial services, healthcare, retail and technology.