EPAM Systems Inc (NYSE:EPAM) VP Gary C. Abrahams Sells 361 Shares

EPAM Systems Inc (NYSE:EPAM) VP Gary C. Abrahams sold 361 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $177.16, for a total value of $63,954.76. Following the sale, the vice president now directly owns 2,710 shares in the company, valued at approximately $480,103.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE EPAM opened at $177.45 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.41 and a quick ratio of 4.41. EPAM Systems Inc has a fifty-two week low of $104.77 and a fifty-two week high of $180.55. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.51.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allen Investment Management LLC bought a new position in shares of EPAM Systems in the 1st quarter valued at $272,000. Two Sigma Advisers LP bought a new position in shares of EPAM Systems in the 4th quarter valued at $336,000. Wasatch Advisors Inc. lifted its stake in shares of EPAM Systems by 2.7% in the 1st quarter. Wasatch Advisors Inc. now owns 611,167 shares of the information technology services provider’s stock valued at $103,367,000 after acquiring an additional 16,194 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of EPAM Systems by 1.1% in the 4th quarter. Utah Retirement Systems now owns 9,500 shares of the information technology services provider’s stock valued at $1,102,000 after acquiring an additional 100 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of EPAM Systems in the 1st quarter valued at $496,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Wedbush increased their price target on EPAM Systems from $150.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research note on Monday, February 25th. JPMorgan Chase & Co. upped their target price on EPAM Systems to $167.00 and gave the stock an “overweight” rating in a research note on Friday, February 15th. Finally, VTB Capital cut EPAM Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $160.00.

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About EPAM Systems

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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