EPAM Systems, Inc. (NYSE:EPAM) Short Interest Update

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 531,800 shares, a drop of 5.7% from the December 15th total of 564,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 627,800 shares, the days-to-cover ratio is presently 0.8 days.

Insiders Place Their Bets

In other 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 transaction of $1,733,629.74. Following the sale, the senior vice president now owns 13,000 shares of the company's stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares of the company's stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by insiders.

Institutional Trading of EPAM Systems

A number of hedge funds have recently added to or reduced their stakes in EPAM. Pacer Advisors Inc. raised its holdings in EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock worth $123,601,000 after purchasing an additional 652,515 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of EPAM Systems by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock worth $102,570,000 after buying an additional 160,989 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after buying an additional 361,363 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of EPAM Systems by 10.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider's stock valued at $80,949,000 after buying an additional 33,715 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EPAM Systems by 33.4% during the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider's stock worth $64,466,000 after acquiring an additional 85,883 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded down $0.18 during trading hours on Friday, reaching $228.91. The stock had a trading volume of 379,969 shares, compared to its average volume of 411,512. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.32 and a beta of 1.50. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm has a 50-day moving average of $239.45 and a 200-day moving average of $213.59. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

Several analysts have commented on EPAM shares. Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Susquehanna raised their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Piper Sandler boosted their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Barclays raised EPAM Systems from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, Needham & Company LLC boosted their price objective on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and an average target price of $267.84.

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.