Arkadiy Dobkin Sells 25,000 Shares of EPAM Systems Inc (NYSE:EPAM) Stock

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EPAM Systems Inc (NYSE:EPAM) CEO Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $173.22, for a total transaction of $4,330,500.00. Following the transaction, the chief executive officer now owns 1,493,490 shares of the company’s stock, valued at approximately $258,702,337.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, June 7th, Arkadiy Dobkin sold 50,000 shares of EPAM Systems stock. The shares were sold at an average price of $176.77, for a total transaction of $8,838,500.00.
  • On Monday, June 10th, Arkadiy Dobkin sold 125,000 shares of EPAM Systems stock. The shares were sold at an average price of $177.08, for a total transaction of $22,135,000.00.
  • On Wednesday, June 5th, Arkadiy Dobkin sold 6,726 shares of EPAM Systems stock. The shares were sold at an average price of $170.11, for a total transaction of $1,144,159.86.
  • On Monday, June 3rd, Arkadiy Dobkin sold 18,274 shares of EPAM Systems stock. The shares were sold at an average price of $167.91, for a total transaction of $3,068,387.34.
  • On Thursday, May 30th, Arkadiy Dobkin sold 8,594 shares of EPAM Systems stock. The shares were sold at an average price of $170.29, for a total transaction of $1,463,472.26.
  • On Tuesday, May 28th, Arkadiy Dobkin sold 16,406 shares of EPAM Systems stock. The shares were sold at an average price of $168.07, for a total transaction of $2,757,356.42.
  • On Monday, May 20th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The shares were sold at an average price of $166.13, for a total transaction of $2,491,950.00.
  • On Wednesday, May 15th, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The shares were sold at an average price of $168.71, for a total transaction of $4,217,750.00.

NYSE:EPAM opened at $173.53 on Thursday. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $9.43 billion, a PE ratio of 44.38, a PEG ratio of 2.08 and a beta of 1.51. EPAM Systems Inc has a 1-year low of $104.77 and a 1-year high of $180.55.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. EPAM Systems had a net margin of 12.19% and a return on equity of 19.56%. The firm had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. During the same period in the previous year, the firm earned $0.93 earnings per share. EPAM Systems’s revenue was up 22.9% compared to the same quarter last year. Research analysts anticipate that EPAM Systems Inc will post 4.24 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its holdings in EPAM Systems by 2.7% in the third quarter. Vanguard Group Inc now owns 4,447,536 shares of the information technology services provider’s stock valued at $612,425,000 after purchasing an additional 117,376 shares during the period. BlackRock Inc. grew its holdings in EPAM Systems by 0.8% in the first quarter. BlackRock Inc. now owns 2,297,466 shares of the information technology services provider’s stock valued at $388,570,000 after purchasing an additional 18,954 shares during the period. OppenheimerFunds Inc. grew its holdings in EPAM Systems by 11.7% in the first quarter. OppenheimerFunds Inc. now owns 1,581,263 shares of the information technology services provider’s stock valued at $267,438,000 after purchasing an additional 165,855 shares during the period. Wasatch Advisors Inc. grew its holdings in EPAM Systems by 2.7% in the first quarter. Wasatch Advisors Inc. now owns 611,167 shares of the information technology services provider’s stock valued at $103,367,000 after purchasing an additional 16,194 shares during the period. Finally, Norges Bank purchased a new stake in EPAM Systems in the fourth quarter valued at approximately $60,882,000. Hedge funds and other institutional investors own 90.80% of the company’s stock.

A number of equities analysts have recently weighed in on EPAM shares. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price objective for the company in a research report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and issued a $180.00 price objective (up previously from $158.00) on shares of EPAM Systems in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. EPAM Systems presently has an average rating of “Buy” and a consensus price target of $160.00.

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EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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

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