EPAM Systems (NYSE:EPAM) Shares Gap Up - Should You Buy?

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $240.37, but opened at $248.74. EPAM Systems shares last traded at $248.75, with a volume of 768,624 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EPAM shares. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research note on Thursday, August 22nd. They set a "hold" rating and a $204.00 target price for the company. Piper Sandler raised their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Susquehanna upped their target price 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. Mizuho lifted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $268.95.

EPAM Systems Stock Up 2.1 %

The business's 50 day moving average is $215.53 and its 200-day moving average is $201.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a market cap of $13.92 billion, a PE ratio of 31.88, a P/E/G ratio of 3.70 and a beta of 1.49.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares of the company's stock, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EPAM. ORG Partners LLC grew its holdings in shares of EPAM Systems by 5,000.0% during the second 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 purchased a new position in shares of EPAM Systems in the 2nd quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC raised its stake 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 last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems during the third quarter worth $44,000. 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.