EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
EPAM Systems Stock Performance
EPAM Systems stock traded down $3.23 during midday trading on Wednesday, hitting $251.91. 253,119 shares of the company were exchanged, compared to its average volume of 511,150. The business has a fifty day simple moving average of $240.01 and a two-hundred day simple moving average of $216.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a market capitalization of $14.29 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.
Analyst Upgrades and Downgrades
EPAM has been the topic of a number of analyst reports. Piper Sandler lifted their price objective 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. Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Needham & Company LLC boosted their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $269.84.
Read Our Latest Research Report on EPAM Systems
Institutional Investors Weigh In On EPAM Systems
A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in 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 in the last quarter. Versant Capital Management Inc acquired a new position in shares of EPAM Systems in the fourth quarter worth about $35,000. Farther Finance Advisors LLC boosted its stake in shares of EPAM Systems by 101.0% during the 3rd 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 91.58% of the company's stock.
EPAM Systems Company Profile
(
Get Free Report)
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.
Further Reading
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