EPAM Systems (NYSE:EPAM) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of EPAM Systems (NYSE:EPAM) from an equal weight rating to an overweight rating in a report released on Tuesday, Marketbeat.com reports. They currently have $290.00 target price on the information technology services provider’s stock, up from their prior target price of $250.00.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. 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, Mizuho upped their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $272.20.

EPAM Systems Stock Up 1.9 %

EPAM Systems stock opened at $248.00 on Tuesday. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. 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 Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The stock’s fifty day moving average is $221.74 and its two-hundred day moving average is $204.41.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock worth $2,089,878 in the last ninety days. Insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Large investors have recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC lifted its position in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in EPAM Systems in the 3rd quarter worth approximately $44,000. Sentry Investment Management LLC acquired a new stake in EPAM Systems in the third quarter valued at approximately $52,000. Finally, Continuum Advisory LLC raised its stake in shares of EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 262 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.