EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson Sells 1,000 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

EPAM Systems Price Performance

EPAM Systems stock opened at $245.89 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.84. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The firm has a market capitalization of $13.95 billion, a P/E ratio of 31.93, a PEG ratio of 5.12 and a beta of 1.46. The business has a fifty day moving average price of $200.80 and a 200-day moving average price of $197.70.

EPAM Systems declared that its board has authorized a share buyback plan on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EPAM shares. Needham & Company LLC boosted their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Jefferies Financial Group lifted their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $263.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EPAM. ORG Partners LLC boosted its position in shares of EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the period. Opal Wealth Advisors LLC bought a new position in EPAM Systems in the 2nd quarter valued at $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of EPAM Systems in the third quarter worth $44,000. Hedge funds and other 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.