EPAM Systems, Inc. (NYSE:EPAM) Receives $272.20 Average PT from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $272.20.

A number of brokerages have recently issued reports on EPAM. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Jefferies Financial Group upped their price objective on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, November 8th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $245.00 to $275.00 in a report on Monday, November 11th.

Insider Buying and Selling

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock worth $2,089,878 in the last quarter. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors have recently added to or reduced their stakes in EPAM. Metis Global Partners LLC boosted its stake in EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 57 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 60 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in EPAM Systems by 1.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock worth $1,089,000 after buying an additional 63 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock valued at $311,000 after buying an additional 65 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 2.0 %

Shares of EPAM Systems stock opened at $229.16 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The business has a fifty day simple moving average of $233.08 and a two-hundred day simple moving average of $209.74. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 3.87 and a beta of 1.49.

About EPAM Systems

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 software development, testing, performance tuning, deployment, maintenance, and support services.