EPAM Systems (NYSE:EPAM) Stock Price Up 4.6% – Time to Buy?

EPAM Systems, Inc. (NYSE:EPAM)’s share price traded up 4.6% during mid-day trading on Thursday . The company traded as high as $253.08 and last traded at $250.11. 136,020 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 633,221 shares. The stock had previously closed at $239.11.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, November 8th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Mizuho raised their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Citigroup upped 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. Finally, Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $290.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $272.20.

EPAM Systems Trading Up 0.6 %

The firm has a 50-day moving average price of $225.84 and a 200-day moving average price of $205.93. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $14.08 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49.

Insider Activity

In related news, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’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 sale, the senior vice president now owns 13,000 shares in the company, 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. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 over the last quarter. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in EPAM Systems during the 3rd quarter valued at about $44,000. Sentry Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at about $52,000. Finally, Continuum Advisory LLC lifted its stake in shares of EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors 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.