Elaina Shekhter Sells 11,744 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CMO Elaina Shekhter sold 11,744 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $485.02, for a total value of $5,696,074.88.

Elaina Shekhter also recently made the following trade(s):

  • On Wednesday, June 2nd, Elaina Shekhter sold 1,023 shares of EPAM Systems stock. The shares were sold at an average price of $485.00, for a total value of $496,155.00.
  • On Wednesday, May 26th, Elaina Shekhter sold 3,827 shares of EPAM Systems stock. The shares were sold at an average price of $480.03, for a total value of $1,837,074.81.

Shares of EPAM stock opened at $505.63 on Friday. The business’s fifty day simple moving average is $456.15. The firm has a market capitalization of $28.52 billion, a P/E ratio of 84.41, a PEG ratio of 3.28 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.32 and a current ratio of 4.32. EPAM Systems, Inc. has a 12-month low of $225.70 and a 12-month high of $506.81.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. The business had revenue of $780.80 million for the quarter, compared to the consensus estimate of $763.88 million. EPAM Systems had a return on equity of 18.17% and a net margin of 12.57%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 earnings per share. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 6.5 earnings per share for the current year.

EPAM has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on EPAM Systems from $395.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, February 19th. Morgan Stanley boosted their price target on EPAM Systems from $467.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, May 10th. VTB Capital reiterated a “hold” rating and issued a $425.00 price target on shares of EPAM Systems in a report on Monday, April 19th. Barclays boosted their price objective on shares of EPAM Systems from $450.00 to $521.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. Finally, Citigroup boosted their price objective on shares of EPAM Systems from $415.00 to $440.00 in a research note on Friday, February 19th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $445.50.

Several hedge funds have recently modified their holdings of EPAM. Lindbrook Capital LLC increased its position in shares of EPAM Systems by 53.7% during the first quarter. Lindbrook Capital LLC now owns 63 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 22 shares in the last quarter. Parallel Advisors LLC increased its position in shares of EPAM Systems by 58.6% during the first quarter. Parallel Advisors LLC now owns 92 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. JJJ Advisors Inc. grew its holdings in shares of EPAM Systems by 126.8% during the first quarter. JJJ Advisors Inc. now owns 93 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 52 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of EPAM Systems by 66.2% during the fourth quarter. Penserra Capital Management LLC now owns 113 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 45 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in shares of EPAM Systems during the fourth quarter valued at $41,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast 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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