Viktar Dvorkin Sells 6,758 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction 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 $3,334,890. This trade represents a 34.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

EPAM Systems Trading Down 2.2 %

EPAM Systems stock opened at $244.64 on Friday. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The company has a market cap of $13.88 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $220.73 and a two-hundred day simple moving average of $203.75.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EPAM shares. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Susquehanna raised their price target 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. Citigroup upped their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $268.95.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently modified their holdings of the business. ORG Partners LLC raised its stake in shares of EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after buying an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its stake in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the period. Capital Performance Advisors LLP purchased a new position in EPAM Systems during the third quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems in the third quarter worth approximately $52,000. Institutional investors own 91.58% of the company’s stock.

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.