Jason D. Peterson Sells 464 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 464 shares of the 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 sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

EPAM Systems Stock Performance

EPAM opened at $244.64 on Friday. 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, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The firm has a 50 day moving average of $220.73 and a two-hundred day moving average of $203.75. The firm has a market capitalization of $13.88 billion, a PE ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Pacer Advisors Inc. boosted its holdings in EPAM Systems by 14,325.2% in the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after purchasing an additional 652,515 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 643.4% in 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 buying an additional 361,363 shares during the last quarter. TD Asset Management Inc boosted its stake 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 worth $112,017,000 after buying an additional 264,570 shares during the last quarter. Acadian Asset Management LLC raised its position in EPAM Systems by 47,294.2% during the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock valued at $35,560,000 after acquiring an additional 188,704 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in EPAM Systems by 97.7% during the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider’s stock valued at $63,707,000 after acquiring an additional 167,343 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EPAM shares. Piper Sandler upped their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Citigroup lifted their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.