EPAM Systems (NYSE:EPAM) Given New $288.00 Price Target at Jefferies Financial Group

EPAM Systems (NYSE:EPAM) had its price objective decreased by Jefferies Financial Group from $305.00 to $288.00 in a report issued on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the information technology services provider’s stock.

A number of other research firms have also recently weighed in on EPAM. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, November 8th. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $269.84.

EPAM Systems Stock Up 3.7 %

NYSE:EPAM opened at $237.47 on Tuesday. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The stock has a market capitalization of $13.47 billion, a P/E ratio of 30.84, a P/E/G ratio of 3.37 and a beta of 1.50. 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’s 50-day simple moving average is $238.99 and its 200-day simple moving average is $214.47.

Insiders Place Their Bets

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 sale, the senior vice president now 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 in the last 90 days. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of EPAM Systems during the 4th quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of 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 acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 valued at $42,000 after acquiring an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems during the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems in the third quarter valued at about $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

About EPAM Systems

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.