EPAM Systems, Inc. (NYSE:EPAM) Given Average Rating of “Moderate Buy” by Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the stock, Marketbeat 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 target price among brokers that have issued ratings on the stock in the last year is $267.84.

A number of brokerages recently commented on EPAM. Mizuho raised their target price on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Citigroup raised their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Needham & Company LLC lifted their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna increased their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

EPAM Systems Stock Up 0.7 %

NYSE:EPAM opened at $230.72 on Friday. 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. The stock’s fifty day moving average is $233.86 and its two-hundred day moving average is $210.41. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 3.87 and a beta of 1.50.

Insider Activity

In other news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the transaction, the chief financial officer now directly 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 legal filing with the SEC, which is available through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’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 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 disclosure for this sale can be found here. In the last three months, insiders sold 8,222 shares of company stock valued at $2,089,878. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Pacer Advisors Inc. raised its stake in EPAM Systems by 14,325.2% during the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after acquiring an additional 652,515 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of EPAM Systems by 80.0% in the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after purchasing an additional 264,570 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after purchasing an additional 160,989 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in EPAM Systems by 33.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider’s stock valued at $64,466,000 after buying an additional 85,883 shares during the last quarter. Hedge funds and other institutional investors 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.