EPAM Systems (NYSE:EPAM) Trading 4.6% Higher - Time to Buy?

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report)'s share price was up 4.6% on Thursday . The company traded as high as $253.08 and last traded at $250.11. Approximately 136,020 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 633,221 shares. The stock had previously closed at $239.11.

Wall Street Analyst Weigh In

A number of research firms have commented on EPAM. Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $245.00 to $275.00 in a report on Monday, November 11th. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Citigroup boosted their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Needham & Company LLC raised their price objective on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $272.20.

EPAM Systems Trading Up 3.2 %

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 business's 50-day simple moving average is $224.77 and its two-hundred day simple moving average is $205.43. The stock has a market capitalization of $14.00 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.87 and a beta of 1.49.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction 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 transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,222 shares of company stock valued at $2,089,878. Company insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in EPAM Systems by 181.8% during the 3rd 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 grew its position 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 acquiring an additional 106 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in EPAM Systems in the 3rd quarter valued at about $44,000. Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the third quarter valued at approximately $52,000. Finally, Continuum Advisory LLC raised its holdings in shares of EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after buying an additional 262 shares during 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.