EPAM Systems Inc (NYSE:EPAM) CEO Arkadiy Dobkin Sells 15,592 Shares of Stock

EPAM Systems Inc (NYSE:EPAM) CEO Arkadiy Dobkin sold 15,592 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $172.27, for a total value of $2,686,033.84. Following the completion of the transaction, the chief executive officer now owns 1,443,490 shares of the company’s stock, valued at $248,670,022.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, June 20th, Arkadiy Dobkin sold 30,485 shares of EPAM Systems stock. The stock was sold at an average price of $175.82, for a total value of $5,359,872.70.
  • On Monday, June 17th, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The stock was sold at an average price of $173.22, for a total value of $4,330,500.00.
  • On Friday, June 7th, Arkadiy Dobkin sold 50,000 shares of EPAM Systems stock. The stock was sold at an average price of $176.77, for a total value 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 value 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 value 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 value 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 value 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 value of $2,757,356.42.
  • On Monday, May 20th, Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock. The stock was sold at an average price of $166.13, for a total value of $2,491,950.00.
  • On Wednesday, May 15th, Arkadiy Dobkin sold 25,000 shares of EPAM Systems stock. The stock was sold at an average price of $168.71, for a total value of $4,217,750.00.

Shares of NYSE:EPAM traded down $3.23 during trading on Thursday, hitting $195.28. The stock had a trading volume of 515,702 shares, compared to its average volume of 400,714. EPAM Systems Inc has a 12-month low of $104.77 and a 12-month high of $198.69. The firm has a market capitalization of $10.82 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 2.36 and a beta of 1.41. 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 business’s 50-day moving average price is $177.61.

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

Large investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in EPAM Systems during the first quarter worth $37,000. SevenBridge Financial Group LLC acquired a new position in EPAM Systems during the second quarter worth $48,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in EPAM Systems during the first quarter worth $85,000. Meeder Asset Management Inc. boosted its stake in EPAM Systems by 1,227.5% during the first quarter. Meeder Asset Management Inc. now owns 677 shares of the information technology services provider’s stock worth $115,000 after buying an additional 626 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in EPAM Systems during the fourth quarter worth $123,000. 91.37% of the stock is currently owned by hedge funds and other institutional investors.

EPAM has been the topic of a number of recent research reports. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Wedbush reaffirmed an “outperform” rating on shares of Purple Innovation in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $161.56.

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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