EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) CFO Jason D. Peterson sold 464 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE:EPAM traded down $5.43 during mid-day trading on Friday, hitting $244.64. 760,832 shares of the stock were exchanged, compared to its average volume of 635,291. The firm's 50-day simple moving average is $219.80 and its 200 day simple moving average is $203.12. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.
EPAM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They set a "hold" rating and a $204.00 target price for the company. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and raised their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Piper Sandler lifted their target price on EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research report on Friday, November 8th. Finally, 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. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and an average price target of $268.95.
Read Our Latest Stock Analysis on EPAM Systems
Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Partners LLC increased its position 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 worth $28,000 after acquiring an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted 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 valued at $31,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP bought a new position in shares of EPAM Systems during the third quarter worth approximately $44,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.58% of the company's stock.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider EPAM Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EPAM Systems wasn't on the list.
While EPAM Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.