EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has earned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $268.95.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $235.00 to $295.00 in a research note on Friday. Needham & Company LLC raised their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group raised their price target on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective on the stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $245.45 on Wednesday. EPAM Systems 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 stock has a market cap of $13.92 billion, a P/E ratio of 31.88, a P/E/G ratio of 3.70 and a beta of 1.49. The business’s 50 day moving average price is $215.53 and its 200-day moving average price is $201.52.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently modified their holdings of EPAM. ORG Partners LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 150 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of EPAM Systems during the 2nd quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in EPAM Systems by 181.8% in the 3rd 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 in the last quarter. Farther Finance Advisors LLC raised its stake 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 worth $42,000 after acquiring an additional 106 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in EPAM Systems during the third quarter valued at approximately $44,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.