Insider Selling: EPAM Systems, Inc. (NYSE:EPAM) CFO Sells 1,078 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

EPAM Systems Trading Down 1.3 %

NYSE:EPAM traded down $3.23 during trading hours on Wednesday, reaching $251.91. 253,119 shares of the stock were exchanged, compared to its average volume of 511,150. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. 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 business has a 50-day moving average of $240.01 and a two-hundred day moving average of $216.64. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.48 and a beta of 1.50.

Hedge Funds Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneva Capital Management LLC boosted its position in shares of EPAM Systems by 6.0% during the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after acquiring an additional 4,027 shares in the last quarter. Centre Asset Management LLC acquired a new position in EPAM Systems in the fourth quarter valued at approximately $8,757,000. Oppenheimer Asset Management Inc. acquired a new position in EPAM Systems in the third quarter valued at approximately $8,195,000. Oliver Luxxe Assets LLC purchased a new position in EPAM Systems in the fourth quarter valued at approximately $1,889,000. Finally, Victory Capital Management Inc. lifted its position in shares of EPAM Systems by 247.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after buying an additional 51,603 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on EPAM. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, November 8th. Piper Sandler lifted their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.84.

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.