EPAM Systems, Inc. (NYSE:EPAM) Receives Average Recommendation of “Moderate Buy” from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $269.83.

EPAM has been the topic of several analyst reports. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Susquehanna upped their price target on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Mizuho boosted their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

EPAM Systems Stock Down 0.5 %

EPAM opened at $266.21 on Monday. The business has a 50 day moving average of $244.09 and a 200-day moving average of $221.18. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 3.96 and a beta of 1.51. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50.

Insiders Place Their Bets

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock worth $2,129,924. Company insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc bought a new position in EPAM Systems during the 4th quarter worth about $35,000. Finally, Manchester Capital Management LLC raised its stake in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares during the period. 91.58% of the stock is 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.