Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Target Price at $269.83

EPAM Systems, Inc. (NYSE:EPAM) has earned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $269.83.

Several analysts recently weighed in on EPAM shares. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Mizuho upped their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group dropped their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, November 8th. Finally, Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th.

Insider Transactions at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was 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 in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is currently owned by insiders.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its position in EPAM Systems by 573.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 801 shares of the information technology services provider’s stock valued at $159,000 after acquiring an additional 682 shares during the period. Creative Planning grew its stake in shares of EPAM Systems by 100.8% in the third quarter. Creative Planning now owns 7,178 shares of the information technology services provider’s stock worth $1,429,000 after purchasing an additional 3,604 shares during the last quarter. NBC Securities Inc. increased its holdings in EPAM Systems by 549.1% in the third quarter. NBC Securities Inc. now owns 1,097 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 928 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in EPAM Systems by 2.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,949 shares of the information technology services provider’s stock worth $1,184,000 after purchasing an additional 161 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in EPAM Systems by 4.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock worth $311,000 after buying an additional 65 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Down 1.3 %

EPAM stock opened at $257.52 on Monday. The business’s 50 day simple moving average is $244.77 and its 200 day simple moving average is $222.16. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50. The firm has a market capitalization of $14.61 billion, a PE ratio of 33.44, a PEG ratio of 4.00 and a beta of 1.51. The company has a current ratio of 4.56, a quick 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.