Insider Selling: EPAM Systems, Inc. (NYSE:EPAM) CFO Sells 1,078 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EPAM Systems Stock Performance

EPAM Systems stock traded down $3.23 during midday trading on Wednesday, hitting $251.91. 253,119 shares of the company were exchanged, compared to its average volume of 511,150. The business has a fifty day simple moving average of $240.01 and a two-hundred day simple moving average of $216.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a market capitalization of $14.29 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of analyst reports. Piper Sandler lifted their price objective 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 increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Needham & Company LLC boosted their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup increased their price target on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $269.84.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of EPAM Systems in the fourth quarter worth about $35,000. Farther Finance Advisors LLC boosted its stake in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.