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

EPAM Systems, Inc. (NYSE:EPAM) has received an average recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $272.20.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Susquehanna lifted 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. Finally, StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock valued at $2,089,878 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPAM. Metis Global Partners LLC lifted its position in shares of EPAM Systems by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of EPAM Systems by 21.3% during the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after acquiring an additional 60 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in EPAM Systems by 1.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock worth $1,089,000 after acquiring an additional 63 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock worth $311,000 after purchasing an additional 65 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of EPAM opened at $238.47 on Friday. The business has a 50-day moving average of $230.09 and a 200-day moving average of $208.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50.

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.