Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Price Target at $264.20

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received an average recommendation of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $268.95.

EPAM has been the topic of a number of analyst reports. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC upped their target price 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. Mizuho upped their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Itau BBA Securities upgraded shares of 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.

Insider Activity

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 value of $237,000.00. Following the completion of the sale, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after acquiring an additional 50 shares in the last quarter. Retirement Systems of Alabama grew its holdings in EPAM Systems by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after buying an additional 52 shares in the last quarter. Taylor Frigon Capital Management LLC grew its holdings in EPAM Systems by 0.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock valued at $2,321,000 after buying an additional 56 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 57 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after buying an additional 60 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $245.44 on Wednesday. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 3.68 and a beta of 1.49. The firm’s 50-day moving average is $215.53 and its 200 day moving average is $201.36. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. 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.