StockNews.com upgraded shares of EPAM Systems (NYSE:EPAM - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.
A number of other equities research analysts have also recently weighed in on the stock. Susquehanna boosted their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Piper Sandler upped their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They set a "hold" rating and a $204.00 target price on the stock. Finally, Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.20.
Check Out Our Latest Analysis on EPAM Systems
EPAM Systems Price Performance
EPAM traded down $7.77 during trading on Friday, reaching $237.09. The company's stock had a trading volume of 297,286 shares, compared to its average volume of 621,347. 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 fifty day simple moving average of $202.58 and a two-hundred day simple moving average of $198.38. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.81 and a beta of 1.46.
EPAM Systems declared that its Board of Directors has initiated a stock buyback program on Thursday, August 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
Insider Buying and Selling at EPAM Systems
In other news, CFO Jason D. Peterson sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at $5,886,132. The trade was a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.30% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in EPAM. ORG Partners LLC boosted its stake in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider's stock worth $28,000 after buying an additional 150 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in EPAM Systems in the second quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 106 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in EPAM Systems in the third quarter valued at $44,000. Institutional investors and hedge funds own 91.58% of the company's stock.
EPAM Systems Company Profile
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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.
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