EPAM Systems Sees Unusually High Options Volume (NYSE:EPAM)

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EPAM Systems Inc (NYSE:EPAM) saw some unusual options trading on Monday. Stock investors purchased 975 call options on the company. This is an increase of 1,581% compared to the typical volume of 58 call options.

In related news, Director Richard Michael Mayoras sold 3,372 shares of EPAM Systems stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $174.80, for a total value of $589,425.60. Following the completion of the transaction, the director now directly owns 10,453 shares of the company’s stock, valued at $1,827,184.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $166.13, for a total value of $2,491,950.00. Following the completion of the transaction, the chief executive officer now directly owns 1,713,490 shares of the company’s stock, valued at $284,662,093.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 362,189 shares of company stock valued at $63,001,372. Company insiders own 5.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in EPAM. Norges Bank acquired a new stake in EPAM Systems in the fourth quarter worth about $60,882,000. OppenheimerFunds Inc. increased its position in EPAM Systems by 11.7% in the first quarter. OppenheimerFunds Inc. now owns 1,581,263 shares of the information technology services provider’s stock worth $267,438,000 after purchasing an additional 165,855 shares during the period. BlackRock Inc. increased its position in EPAM Systems by 3.5% in the fourth quarter. BlackRock Inc. now owns 2,278,512 shares of the information technology services provider’s stock worth $264,330,000 after purchasing an additional 76,660 shares during the period. Janus Henderson Group PLC increased its position in EPAM Systems by 146.3% in the first quarter. Janus Henderson Group PLC now owns 128,320 shares of the information technology services provider’s stock worth $21,703,000 after purchasing an additional 76,231 shares during the period. Finally, 1832 Asset Management L.P. grew its position in shares of EPAM Systems by 15.8% during the 4th quarter. 1832 Asset Management L.P. now owns 494,300 shares of the information technology services provider’s stock worth $57,337,000 after buying an additional 67,400 shares during the period. Hedge funds and other institutional investors own 90.80% of the company’s stock.

A number of research analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price target (up from $158.00) on shares of EPAM Systems in a report on Wednesday, May 8th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $160.00.

Shares of EPAM stock opened at $187.01 on Wednesday. The stock has a 50-day moving average price of $173.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.41 and a current ratio of 4.41. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 2.17 and a beta of 1.42. EPAM Systems has a 12 month low of $104.77 and a 12 month high of $187.30.

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

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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