Jefferies Financial Group Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price target reduced by investment analysts at Jefferies Financial Group from $305.00 to $288.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 24.05% from the company’s previous close.

Several other research firms have also weighed in on EPAM. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Needham & Company LLC lifted their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Susquehanna raised their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

EPAM Systems Trading Up 1.3 %

EPAM traded up $3.08 during midday trading on Tuesday, reaching $232.16. 57,318 shares of the company were exchanged, compared to its average volume of 384,134. The stock has a market capitalization of $13.17 billion, a P/E ratio of 30.15, a PEG ratio of 3.37 and a beta of 1.50. EPAM Systems has a one year low of $169.43 and a one year high of $317.50. The stock’s 50-day simple moving average is $239.16 and its 200 day simple moving average is $214.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,222 shares of company stock valued at $2,089,878 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geneva Capital Management LLC lifted its stake in shares of EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after acquiring an additional 4,027 shares during the period. Centre Asset Management LLC acquired a new position in shares of EPAM Systems in the 4th quarter worth approximately $8,757,000. Oppenheimer Asset Management Inc. bought a new stake in shares of EPAM Systems in the 3rd quarter valued at $8,195,000. Victory Capital Management Inc. increased its position in shares of EPAM Systems by 247.6% during the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after buying an additional 51,603 shares during the period. Finally, Raymond James & Associates raised its stake in EPAM Systems by 1,741.1% during the third quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock worth $7,303,000 after buying an additional 34,701 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

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.