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

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 1,000,000 shares, an increase of 24.0% from the February 13th total of 806,300 shares. Currently, 1.8% of the company's shares are sold short. Based on an average trading volume of 699,300 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several research analyst reports. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Jefferies Financial Group reduced their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. The Goldman Sachs Group raised EPAM Systems from a "neutral" rating to a "buy" rating and raised their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Scotiabank lowered their target price on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus target price of $262.47.

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EPAM Systems Stock Performance

NYSE EPAM traded up $3.36 during trading on Friday, hitting $175.64. 1,284,496 shares of the company's stock traded hands, compared to its average volume of 656,279. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 3.38 and a beta of 1.61. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $288.13. The business has a 50 day moving average of $227.19 and a 200-day moving average of $221.62.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EPAM. Principal Financial Group Inc. grew its stake in EPAM Systems by 1.2% during the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock valued at $14,066,000 after acquiring an additional 848 shares in the last quarter. Atria Investments Inc increased its holdings in shares of EPAM Systems by 139.2% in the third quarter. Atria Investments Inc now owns 4,048 shares of the information technology services provider's stock worth $806,000 after purchasing an additional 2,356 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of EPAM Systems by 1.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 127,156 shares of the information technology services provider's stock worth $25,308,000 after buying an additional 2,372 shares in the last quarter. Victory Capital Management Inc. boosted its stake in EPAM Systems by 247.6% during the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider's stock valued at $14,419,000 after buying an additional 51,603 shares during the period. Finally, KBC Group NV grew its position in EPAM Systems by 3.0% during the third quarter. KBC Group NV now owns 23,311 shares of the information technology services provider's stock worth $4,639,000 after buying an additional 683 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

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.