EPAM Systems, Inc. (NYSE:EPAM) Short Interest Down 7.4% in November

EPAM Systems, Inc. (NYSE:EPAM) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 642,800 shares, a drop of 7.4% from the November 15th total of 694,400 shares. Based on an average daily trading volume, of 671,100 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.2% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares of the company’s stock, 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. In the last ninety days, insiders sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On EPAM Systems

Several large investors have recently made changes to their positions in EPAM. Metis Global Partners LLC raised its position in EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after purchasing an additional 50 shares during the period. Retirement Systems of Alabama raised its holdings in shares of EPAM Systems by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after buying an additional 52 shares during the period. Taylor Frigon Capital Management LLC lifted its stake in EPAM Systems by 0.5% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock worth $2,321,000 after acquiring an additional 56 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 57 shares during the period. Finally, SkyView Investment Advisors LLC grew its position in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 60 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Up 1.9 %

NYSE EPAM traded up $4.63 during trading hours on Tuesday, reaching $248.00. The company had a trading volume of 489,325 shares, compared to its average volume of 635,128. 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 $14.07 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. The stock has a 50-day moving average of $221.74 and a 200 day moving average of $204.41. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC increased their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Mizuho increased their target price on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Jefferies Financial Group increased their price objective 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. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus target price of $272.20.

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.