EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson Sells 1,078 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction that occurred 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 directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

EPAM Systems Stock Performance

EPAM Systems stock opened at $251.91 on Thursday. The firm has a 50 day simple moving average of $240.36 and a 200-day simple moving average of $216.88. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EPAM. Geneva Capital Management LLC raised its position in EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock valued at $14,187,000 after purchasing an additional 4,027 shares during the period. Centre Asset Management LLC purchased a new stake in EPAM Systems in the 4th quarter valued at about $8,757,000. Oppenheimer Asset Management Inc. acquired a new position in EPAM Systems in the third quarter valued at about $8,195,000. Oliver Luxxe Assets LLC acquired a new position in EPAM Systems in the fourth quarter valued at about $1,889,000. Finally, Victory Capital Management Inc. boosted its stake in EPAM Systems by 247.6% during the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after buying an additional 51,603 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, November 8th. The Goldman Sachs Group upgraded shares of 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 report on Friday, December 6th. Piper Sandler lifted their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, Susquehanna lifted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

EPAM Systems Company Profile

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.