Jason D. Peterson Sells 464 Shares of EPAM Systems, Inc. (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EPAM Systems Price Performance

NYSE:EPAM traded down $5.43 during trading hours on Friday, hitting $244.64. The stock had a trading volume of 760,832 shares, compared to its average volume of 635,291. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a 50 day simple moving average of $219.80 and a two-hundred day simple moving average of $203.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective for the company. Susquehanna raised their target price on 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 EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $268.95.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of EPAM. ORG Partners LLC lifted its position in EPAM Systems by 5,000.0% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after buying an additional 150 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of EPAM Systems by 36.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,483 shares of the information technology services provider’s stock valued at $1,031,000 after acquiring an additional 1,457 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in EPAM Systems by 33.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 225,576 shares of the information technology services provider’s stock valued at $42,433,000 after acquiring an additional 56,525 shares during the period. Blue Trust Inc. grew its position in EPAM Systems by 2,806.3% during the 2nd quarter. Blue Trust Inc. now owns 465 shares of the information technology services provider’s stock worth $87,000 after acquiring an additional 449 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in EPAM Systems in the second quarter valued at approximately $72,000. 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.