Gary C. Abrahams sells 557 shares of EPAM Systems, Inc. (NYSE: EPAM)


EPAM Systems, Inc. (NYSE: EPAMGet a rating) Vice Chairman Gary C. Abrahams sold 557 shares of the company in a trade that took place on Thursday, August 18. The shares were sold at an average price of $452.64, for a total transaction of $252,120.48. Following the completion of the sale, the vice president now owns 1,495 shares of the company, valued at approximately $676,696.80. The sale was disclosed in a filing with the SEC, accessible via this link.

EPAM Systems stock performance

NYSE EPAM opened at $442.55 on Friday. The company has a debt ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. The company has a market capitalization of $25.39 billion, a price/earnings ratio of 71.49, a P/E/G ratio of 2.71 and a beta of 1.77. The company’s fifty-day moving average is $344.87 and its two-hundred-day moving average is $325.67. EPAM Systems, Inc. has a 52-week low of $168.59 and a 52-week high of $725.40.

EPAM systems (NYSE: EPAMGet a rating) last released its quarterly results on Thursday, August 4. The information technology service provider reported earnings per share (EPS) of $2.38 for the quarter, beating the consensus estimate of $1.71 by $0.67. The company posted revenue of $1.19 billion for the quarter, compared to analysts’ estimates of $1.12 billion. EPAM Systems achieved a net margin of 8.21% and a return on equity of 21.72%. The company’s quarterly revenue increased 35.5% year over year. During the same period last year, the company posted EPS of $1.90. Equity research analysts expect EPAM Systems, Inc. to post EPS of 8.25 for the current year.

Analysts set new price targets

EPAM has been the subject of a number of research analyst reports. Morgan Stanley raised its price target on shares of EPAM Systems from $465.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 8. Citigroup raised its price target on shares of EPAM Systems to $520.00 in a Tuesday, Aug. 9 research report. Wedbush raised its price target on EPAM Systems stock from $380.00 to $400.00 and gave the stock an “outperform” rating in a Monday, June 6 research note. Bank of America has upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised its price target for the stock from $312.00 to $400.00 in a research note Friday, May 6. Finally, Needham & Company LLC raised its price target on EPAM Systems stock from $450.00 to $490.00 and gave the stock a “buy” rating in a Friday, August 5 research note. . One research analyst has assigned the stock a hold rating and eleven have issued the company’s stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $473.71.

Institutional negotiation of EPAM systems

Several hedge funds and other institutional investors have been buying and selling stocks recently. HM Payson & Co. bought a new position in shares of EPAM Systems during the 4th quarter for a value of approximately $35,000. UMB Bank NA MO bought a new position in shares of EPAM Systems during the 4th quarter for a value of approximately $40,000. Covestor Ltd bought a new position in shares of EPAM Systems during the 4th quarter for a value of approximately $43,000. Confluence Wealth Services Inc. bought a new position in shares of EPAM Systems during the 4th quarter for a value of approximately $51,000. Finally, FinTrust Capital Advisors LLC increased its holding in EPAM Systems shares by 466.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 85 shares of the information technology service provider worth $25,000 after acquiring an additional 70 shares during the period. 95.24% of the shares are currently held by institutional investors and hedge funds.

Company Profile EPAM Systems

(Get a rating)

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation and integration; infrastructure management services, such as developing, testing, and maintaining software with private, public, and mobile infrastructure for managing applications, databases, networks, servers, storage, and system operations , as well as monitoring, incident notification and resolution services; and maintenance and support services.

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