EPAM Systems, Inc. (NYSE:EPAM) Receives $304.67 Average PT from Brokerages

EPAM Systems, Inc. (NYSE:EPAMGet Free Report) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $304.67.

A number of brokerages recently issued reports on EPAM. Morgan Stanley downgraded EPAM Systems from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $235.00 to $250.00 in a report on Wednesday, January 24th. Piper Sandler upped their price target on EPAM Systems from $265.00 to $339.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Jefferies Financial Group reissued a “hold” rating and issued a $295.00 price objective on shares of EPAM Systems in a report on Thursday, January 11th. Mizuho started coverage on EPAM Systems in a report on Tuesday, January 30th. They issued a “buy” rating and a $340.00 price objective for the company. Finally, HSBC raised EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, January 8th.

View Our Latest Analysis on EPAM

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 600 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $270.00, for a total value of $162,000.00. Following the completion of the transaction, the chief financial officer now owns 25,228 shares in the company, valued at $6,811,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other EPAM Systems news, CMO Elaina Shekhter sold 8,176 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $257.67, for a total value of $2,106,709.92. Following the completion of the transaction, the chief marketing officer now owns 6,799 shares in the company, valued at $1,751,898.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason D. Peterson sold 600 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $270.00, for a total value of $162,000.00. Following the completion of the transaction, the chief financial officer now owns 25,228 shares of the company’s stock, valued at approximately $6,811,560. The disclosure for this sale can be found here. Insiders sold 9,676 shares of company stock worth $2,538,710 over the last 90 days. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EPAM. Capital Research Global Investors increased its position in shares of EPAM Systems by 9.6% in the second quarter. Capital Research Global Investors now owns 7,499,194 shares of the information technology services provider’s stock valued at $1,685,444,000 after buying an additional 657,883 shares in the last quarter. Norges Bank purchased a new position in shares of EPAM Systems in the fourth quarter valued at $184,713,000. BlackRock Inc. increased its position in shares of EPAM Systems by 9.7% in the second quarter. BlackRock Inc. now owns 4,358,373 shares of the information technology services provider’s stock valued at $979,544,000 after buying an additional 385,196 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of EPAM Systems in the fourth quarter valued at $663,080,000. Finally, State Street Corp increased its position in shares of EPAM Systems by 9.1% in the first quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock valued at $733,197,000 after buying an additional 206,636 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $286.27 on Thursday. The stock has a 50 day moving average price of $289.53 and a 200 day moving average price of $261.25. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 6.95 and a beta of 1.46. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $368.68.

About EPAM Systems

(Get Free Report

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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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