EPAM Systems, Inc. (NYSE:EPAM) Given Average Rating of “Moderate Buy” by Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $269.84.

EPAM has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Needham & Company LLC increased their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Piper Sandler boosted their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently made changes to their positions in EPAM. Geneva Capital Management LLC increased its holdings in EPAM Systems by 6.0% during 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 buying an additional 4,027 shares during the last quarter. Centre Asset Management LLC bought a new position in shares of EPAM Systems in the 4th quarter valued at about $8,757,000. Oppenheimer Asset Management Inc. acquired a new position in shares of EPAM Systems during the 3rd quarter worth about $8,195,000. Victory Capital Management Inc. raised its holdings in shares of EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock valued at $14,419,000 after purchasing an additional 51,603 shares during the period. Finally, Raymond James & Associates lifted its stake in EPAM Systems by 1,741.1% in the 3rd quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock valued at $7,303,000 after purchasing an additional 34,701 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.9 %

Shares of EPAM opened at $235.19 on Thursday. The stock’s fifty day simple moving average is $238.72 and its 200-day simple moving average is $214.61. The firm has a market capitalization of $13.34 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

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.