EPAM Systems, Inc. (NYSE:EPAM) Receives $264.20 Average Price Target from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $268.95.

A number of analysts have recently issued reports on EPAM shares. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Citigroup boosted their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Susquehanna raised their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Mizuho lifted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $245.00 to $275.00 in a research report on Monday, November 11th.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm’s 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 owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. ORG Partners LLC lifted its stake in shares of EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Opal Wealth Advisors LLC acquired a new position in EPAM Systems during the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in EPAM Systems by 181.8% during the 3rd 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 period. Farther Finance Advisors LLC grew its position in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems during the third quarter worth approximately $44,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 1.3 %

Shares of EPAM opened at $250.29 on Wednesday. The stock’s 50-day moving average price is $217.57 and its 200 day moving average price is $202.44. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 3.76 and a beta of 1.49. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50.

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.