EPAM Systems (NYSE:EPAM) Stock Price Up 4.6% – What’s Next?

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, November 8th. JPMorgan Chase & Co. increased 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 assumed coverage on EPAM Systems in a report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target on the stock. Mizuho increased their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Susquehanna lifted their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $272.20.

EPAM Systems Price Performance

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 firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. The company’s fifty day moving average is $223.69 and its two-hundred day moving average is $205.14.

Insider Activity at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on 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. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPAM Systems

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