Shares of EPAM Systems Inc (NYSE:EPAM) have earned a consensus rating of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $190.45.
A number of equities research analysts recently commented on EPAM shares. ValuEngine downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays lifted their target price on EPAM Systems from $214.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of EPAM Systems in a report on Thursday, November 7th. Cantor Fitzgerald lifted their target price on EPAM Systems from $212.00 to $219.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Co started coverage on EPAM Systems in a report on Thursday. They set an “outperform” rating and a $222.00 target price for the company.
Shares of EPAM Systems stock traded down $1.98 on Monday, reaching $205.69. 290,520 shares of the stock were exchanged, compared to its average volume of 327,779. The company has a quick ratio of 4.38, a current ratio of 4.38 and a debt-to-equity ratio of 0.12. EPAM Systems has a twelve month low of $104.77 and a twelve month high of $208.31. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 52.61, a PEG ratio of 2.27 and a beta of 1.45. The business has a 50 day moving average price of $184.54 and a two-hundred day moving average price of $182.35.
In other EPAM Systems news, CMO Elaina Shekhter sold 2,800 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $195.00, for a total value of $546,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 10,459 shares of the company’s stock, valued at $2,039,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lawrence F. Solomon sold 7,962 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $197.67, for a total value of $1,573,848.54. Following the completion of the transaction, the senior vice president now directly owns 15,999 shares of the company’s stock, valued at $3,162,522.33. The disclosure for this sale can be found here. Insiders sold 13,562 shares of company stock valued at $2,673,129 over the last three months. 5.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Signaturefd LLC raised its stake in shares of EPAM Systems by 69.8% during the 3rd quarter. Signaturefd LLC now owns 163 shares of the information technology services provider’s stock worth $30,000 after buying an additional 67 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of EPAM Systems during the 2nd quarter worth approximately $31,000. Shamrock Asset Management LLC acquired a new position in shares of EPAM Systems during the 2nd quarter worth approximately $31,000. Usca Ria LLC acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of EPAM Systems by 337.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 201 shares of the information technology services provider’s stock worth $34,000 after buying an additional 155 shares during the period. 90.64% of the stock is owned by institutional investors.
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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