EPAM Systems, Inc. (NYSE:EPAM) CFO Sells $119,248.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 464 shares of the 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 transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at $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 is available at this link.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $244.64 on Monday. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50. The company’s fifty day simple moving average is $220.73 and its 200-day simple moving average is $203.93. The firm has a market cap of $13.88 billion, a PE ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On EPAM Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneva Capital Management LLC increased its position in shares of EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock valued at $14,187,000 after acquiring an additional 4,027 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $8,195,000. Victory Capital Management Inc. increased its position in shares of EPAM Systems by 247.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after purchasing an additional 51,603 shares during the last quarter. Raymond James & Associates raised its stake in shares of EPAM Systems by 1,741.1% during the 3rd quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock worth $7,303,000 after purchasing an additional 34,701 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of EPAM Systems by 251.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,128 shares of the information technology services provider’s stock valued at $3,807,000 after buying an additional 13,690 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of recent analyst reports. Mizuho upped their price target on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC upped their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler lifted 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. Susquehanna upped their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $268.95.

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.