EPAM Systems (NYSE:EPAM) Raised to Overweight at Barclays

Barclays upgraded shares of EPAM Systems (NYSE:EPAM - Free Report) from an equal weight rating to an overweight rating in a research report report published on Tuesday, Marketbeat reports. Barclays currently has $290.00 price target on the information technology services provider's stock, up from their prior price target of $250.00.

EPAM has been the topic of a number of other reports. Jefferies Financial Group raised their price target on EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 9th. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a report on Friday, November 8th. Needham & Company LLC raised their price target on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Susquehanna raised their price target on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus price target of $272.20.

EPAM Systems Stock Performance

EPAM Systems stock traded up $4.63 during trading on Tuesday, reaching $248.00. The company had a trading volume of 489,325 shares, compared to its average volume of 635,128. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50. The firm's 50-day simple moving average is $221.74 and its 200 day simple moving average is $204.41. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares of the company's stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,222 shares of company stock valued at $2,089,878. Corporate insiders own 4.30% of the company's stock.

Institutional Trading of EPAM Systems

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock valued at $123,601,000 after buying an additional 652,515 shares during the period. TD Asset Management Inc raised its holdings in shares of EPAM Systems by 80.0% in the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock valued at $112,017,000 after purchasing an additional 264,570 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock valued at $102,570,000 after purchasing an additional 160,989 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 361,363 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in EPAM Systems by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 379,834 shares of the information technology services provider's stock worth $71,451,000 after acquiring an additional 15,116 shares in the last quarter. Hedge funds and other 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.