Insider Selling: EPAM Systems Inc (EPAM) SVP Sells 11,932 Shares of Stock

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EPAM Systems Inc (NYSE:EPAM) SVP Jason Harman sold 11,932 shares of EPAM Systems stock in a transaction on Friday, June 15th. The shares were sold at an average price of $123.81, for a total transaction of $1,477,300.92. Following the completion of the sale, the senior vice president now directly owns 14,578 shares in the company, valued at approximately $1,804,902.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of EPAM Systems traded up $0.30, hitting $124.43, on Monday, MarketBeat reports. 98,178 shares of the stock traded hands, compared to its average volume of 242,344. The company has a current ratio of 5.39, a quick ratio of 5.39 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 43.66, a PEG ratio of 1.91 and a beta of 0.95. EPAM Systems Inc has a twelve month low of $77.96 and a twelve month high of $131.75.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $424.15 million for the quarter, compared to analysts’ expectations of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. equities research analysts predict that EPAM Systems Inc will post 3.27 EPS for the current year.

EPAM has been the topic of several recent research reports. Berenberg Bank lifted their target price on shares of EPAM Systems to $145.00 in a research note on Thursday, May 10th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 target price on shares of EPAM Systems in a research note on Wednesday, May 9th. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Monday, April 23rd. SunTrust Banks initiated coverage on shares of EPAM Systems in a research note on Thursday, April 19th. They set a “buy” rating and a $130.00 target price on the stock. Finally, ValuEngine raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $125.25.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of EPAM Systems by 11.9% during the 1st quarter. BlackRock Inc. now owns 3,743,627 shares of the information technology services provider’s stock valued at $428,720,000 after acquiring an additional 398,653 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of EPAM Systems by 50.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 762,658 shares of the information technology services provider’s stock valued at $87,340,000 after acquiring an additional 254,435 shares during the last quarter. Wasatch Advisors Inc. boosted its position in shares of EPAM Systems by 5.0% during the 1st quarter. Wasatch Advisors Inc. now owns 567,824 shares of the information technology services provider’s stock valued at $65,027,000 after acquiring an additional 27,085 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of EPAM Systems by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 407,598 shares of the information technology services provider’s stock valued at $43,788,000 after acquiring an additional 25,157 shares during the last quarter. Finally, Martin Currie Ltd. boosted its position in shares of EPAM Systems by 7.4% during the 4th quarter. Martin Currie Ltd. now owns 405,816 shares of the information technology services provider’s stock valued at $43,597,000 after acquiring an additional 27,899 shares during the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Company Profile

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.

Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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