Jefferies Financial Group Cuts EPAM Systems (NYSE:EPAM) Price Target to $288.00

EPAM Systems (NYSE:EPAM) had its target price reduced by Jefferies Financial Group from $305.00 to $288.00 in a report issued on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the information technology services provider’s stock.

A number of other research firms also recently issued reports on EPAM. Susquehanna lifted their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Citigroup boosted their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Needham & Company LLC upped their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Mizuho raised their price target on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $269.84.

EPAM Systems Stock Up 4.2 %

NYSE:EPAM opened at $245.30 on Tuesday. The stock has a 50-day simple moving average of $238.73 and a 200 day simple moving average of $214.83. EPAM Systems has a 52-week low of $169.43 and a 52-week high of $317.50. The company has a market cap of $13.91 billion, a PE ratio of 31.86, a PEG ratio of 3.49 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after acquiring an additional 361,363 shares during the last quarter. Manning & Napier Advisors LLC grew its position in EPAM Systems by 48.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after acquiring an additional 217,960 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after purchasing an additional 160,989 shares during the last quarter. Citigroup Inc. grew its holdings in shares of EPAM Systems by 199.5% in the third quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after purchasing an additional 115,720 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at $21,787,000. Institutional investors own 91.58% of the company’s stock.

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.