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

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $269.84.

EPAM has been the subject of a number of recent research reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group cut their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Needham & Company LLC raised their price objective on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Citigroup raised their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th.

Insider Transactions at EPAM Systems

In related news, 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 value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of EPAM Systems

Several institutional investors have recently bought and sold shares of EPAM. Geneva Capital Management LLC raised its position in EPAM Systems by 6.0% in the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock valued at $14,187,000 after purchasing an additional 4,027 shares during the last quarter. Centre Asset Management LLC bought a new position in EPAM Systems in the 4th quarter valued at $8,757,000. Oppenheimer Asset Management Inc. bought a new position in EPAM Systems in the 3rd quarter valued at $8,195,000. Victory Capital Management Inc. raised its position in EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock valued at $14,419,000 after purchasing an additional 51,603 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new position in EPAM Systems in the 4th quarter valued at $1,889,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.1 %

EPAM opened at $252.20 on Thursday. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The business has a 50-day moving average of $239.46 and a 200-day moving average of $216.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a market capitalization of $14.30 billion, a PE ratio of 32.75, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50.

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.