EPAM Systems (NYSE:EPAM) SVP Sells $528,301.86 in Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Lawrence Solomon sold 3,299 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $160.14, for a total value of $528,301.86. Following the completion of the sale, the senior vice president directly owned 30,390 shares in the company, valued at approximately $4,866,654.60. This represents a 9.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

EPAM Systems Stock Up 0.7%

NYSE EPAM traded up $1.06 during trading on Thursday, hitting $163.88. The stock had a trading volume of 796,644 shares, compared to its average volume of 1,481,639. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.76 and a current ratio of 2.76. The company’s 50-day moving average price is $124.55 and its two-hundred day moving average price is $120.56. The company has a market capitalization of $8.36 billion, a PE ratio of 20.48, a P/E/G ratio of 1.70 and a beta of 1.28.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.10. EPAM Systems had a net margin of 7.53% and a return on equity of 16.76%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $3.08 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 10.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EPAM shares. TD Cowen decreased their target price on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Wednesday, August 26th. Guggenheim raised their price objective on EPAM Systems from $160.00 to $190.00 and gave the company a “buy” rating in a report on Friday, November 6th. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a research report on Thursday, August 6th. Finally, Morgan Stanley upped their target price on EPAM Systems from $97.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $145.87.

Hedge Funds Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently made changes to their positions in EPAM. Financial Management Professionals Inc. increased its holdings in EPAM Systems by 47.3% during the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after buying an additional 86 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in EPAM Systems by 4.7% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 126 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in EPAM Systems by 14.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,169 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 146 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its position in shares of EPAM Systems by 236.2% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 232 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of EPAM Systems by 31.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 708 shares of the information technology services provider’s stock valued at $77,000 after acquiring an additional 169 shares during the period. 91.58% of the stock is owned by institutional investors.

About EPAM Systems

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.