Viktar Dvorkin Sells 6,758 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

EPAM Systems Price Performance

Shares of EPAM stock traded down $5.43 during trading hours on Friday, hitting $244.64. The stock had a trading volume of 760,832 shares, compared to its average volume of 635,291. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The stock’s 50-day moving average price is $219.80 and its two-hundred day moving average price is $203.12. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 3.87 and a beta of 1.49.

Institutional Investors Weigh In On EPAM Systems

Large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC boosted its position in shares of 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 buying an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of 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 acquiring an additional 100 shares during the period. Farther Finance Advisors LLC increased its position in shares of EPAM Systems by 101.0% in the 3rd 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 period. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the 3rd quarter valued at $52,000. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EPAM. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Mizuho increased their price target on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Jefferies Financial Group upped their price objective on EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $268.95.

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.