Brokerages Set EPAM Systems, Inc. (NYSE:EPAM) Price Target at $269.84

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $269.84.

Several equities research analysts have recently issued reports on EPAM shares. Mizuho lifted their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC boosted their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup increased their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th.

EPAM Systems Stock Performance

EPAM opened at $252.67 on Thursday. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.48 and a beta of 1.50. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. 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 company has a fifty day moving average of $239.08 and a 200 day moving average of $215.52.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock worth $2,089,878 in the last quarter. 4.30% of the stock is owned by company insiders.

Institutional Trading of EPAM Systems

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in shares of EPAM Systems by 7.6% in the 2nd quarter. American Century Companies Inc. now owns 13,982 shares of the information technology services provider’s stock worth $2,630,000 after buying an additional 987 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in EPAM Systems by 33.4% in the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider’s stock valued at $64,466,000 after acquiring an additional 85,883 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in EPAM Systems by 8.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,961 shares of the information technology services provider’s stock worth $737,000 after purchasing an additional 309 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of EPAM Systems by 51.6% during the second quarter. Canada Pension Plan Investment Board now owns 46,893 shares of the information technology services provider’s stock worth $8,821,000 after purchasing an additional 15,965 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of EPAM Systems by 37.3% during the 2nd quarter. Sei Investments Co. now owns 25,432 shares of the information technology services provider’s stock valued at $4,785,000 after purchasing an additional 6,914 shares during 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.