EPAM Systems, Inc. (NYSE:EPAM) CFO Sells $119,248.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 464 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

EPAM Systems Stock Down 2.2 %

EPAM stock opened at $244.64 on Friday. The firm has a fifty day moving average price of $220.73 and a two-hundred day moving average price of $203.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.87 and a beta of 1.49.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target for the company. Itau BBA Securities raised shares of 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. Piper Sandler increased 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. Finally, Jefferies Financial Group lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average price target of $268.95.

Hedge Funds Weigh In On EPAM Systems

Large investors have recently bought and sold shares of the business. ORG Partners LLC boosted its position in shares of EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after buying an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of EPAM Systems by 181.8% in the third 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 increased its holdings in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems during the third quarter valued at approximately $52,000. 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.