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

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $269.84.

Several analysts recently commented on the stock. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC upped their target price on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler increased their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays upgraded 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 research note on Tuesday, December 17th. Finally, Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 sale, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock worth $2,089,878 in the last ninety days. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt raised its position in EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc bought a new position in EPAM Systems in the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its holdings in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in EPAM Systems during the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter worth approximately $52,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.9 %

EPAM stock opened at $235.19 on Thursday. EPAM Systems has a one year low of $169.43 and a one year high of $317.50. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50. The company has a fifty day moving average price of $238.72 and a two-hundred day moving average price of $214.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

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.