EPAM Systems, Inc. (NYSE:EPAM) Receives $272.20 Consensus PT from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have earned a consensus rating of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $272.20.

A number of research firms have recently commented on EPAM. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Piper Sandler upped their price target 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. Citigroup increased their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Susquehanna boosted their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock worth $2,089,878 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of EPAM Systems by 4.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,014 shares of the information technology services provider’s stock worth $2,072,000 after purchasing an additional 492 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in EPAM Systems by 131.5% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,459 shares of the information technology services provider’s stock worth $1,215,000 after buying an additional 3,669 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of EPAM Systems in the 2nd quarter worth approximately $262,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of EPAM Systems by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider’s stock valued at $1,089,000 after acquiring an additional 63 shares during the last quarter. Finally, TD Asset Management Inc increased 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 acquiring an additional 264,570 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $233.82 on Friday. The company has a market cap of $13.26 billion, a P/E ratio of 30.37, a P/E/G ratio of 3.87 and a beta of 1.49. The business has a fifty day simple moving average of $231.50 and a 200-day simple moving average of $209.43. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

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.