Insider Selling: EPAM Systems, Inc. (NYSE:EPAM) CFO Sells $277,046.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,078 shares of the 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 transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $253.39 on Friday. The firm has a market cap of $14.37 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.72 and a beta of 1.50. The company’s fifty day simple moving average is $240.65 and its two-hundred day simple moving average is $217.49. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EPAM. Versant Capital Management Inc bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in 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 acquiring an additional 100 shares during the period. Manchester Capital Management LLC boosted its holdings in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Farther Finance Advisors LLC increased its position in EPAM Systems by 101.0% during the 3rd 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. Finally, Capital Performance Advisors LLP bought a new position in EPAM Systems in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on EPAM shares. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. Piper Sandler boosted their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Susquehanna boosted their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC raised their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and an average price target 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.