EPAM Systems, Inc. (NYSE:EPAM) Short Interest Update

EPAM Systems, Inc. (NYSE:EPAM) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,000,000 shares, a growth of 24.0% from the February 13th total of 806,300 shares. Based on an average daily volume of 699,300 shares, the short-interest ratio is currently 1.4 days. Approximately 1.8% of the company’s stock are short sold.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $183.40 on Wednesday. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $296.20. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 3.38 and a beta of 1.61. The firm has a 50-day moving average of $229.28 and a two-hundred day moving average of $222.26.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after buying an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock worth $30,000 after buying an additional 125 shares during the period. TD Private Client Wealth LLC raised its holdings in EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after buying an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in EPAM Systems during the 4th quarter worth about $35,000. Finally, Manchester Capital Management LLC raised its holdings in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on EPAM. Scotiabank lowered their target price on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, February 24th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $235.00 to $295.00 in a report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Morgan Stanley boosted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $267.33.

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.