EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson Sells 1,078 Shares

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

EPAM Systems Trading Up 1.1 %

EPAM Systems stock opened at $253.39 on Friday. The business has a 50-day simple moving average of $240.65 and a two-hundred day simple moving average of $217.49. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market cap of $14.37 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.72 and a beta of 1.50.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geneva Capital Management LLC increased its stake in shares of EPAM Systems by 6.0% in the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock worth $14,187,000 after purchasing an additional 4,027 shares in the last quarter. Centre Asset Management LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $8,757,000. Oppenheimer Asset Management Inc. purchased a new position in shares of EPAM Systems during the 3rd quarter valued at about $8,195,000. Oliver Luxxe Assets LLC purchased a new position in shares of EPAM Systems during the 4th quarter valued at about $1,889,000. Finally, Victory Capital Management Inc. increased its holdings in EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after acquiring an additional 51,603 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Citigroup boosted their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.47.

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.