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

EPAM Systems, Inc. (NYSE:EPAM) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 642,800 shares, a decrease of 7.4% from the November 15th total of 694,400 shares. Based on an average daily trading volume, of 671,100 shares, the short-interest ratio is currently 1.0 days. Currently, 1.2% of the shares of the stock are sold short.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $1.05 during trading on Monday, reaching $243.59. The company had a trading volume of 545,178 shares, compared to its average volume of 635,730. The firm’s fifty day moving average is $220.73 and its 200 day moving average is $203.93. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $317.50. The firm has a market capitalization of $13.82 billion, a PE ratio of 31.77, 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.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of analyst reports. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Susquehanna raised their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.95.

Insider Buying and Selling at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems 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 transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,222 shares of company stock valued at $2,089,878. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in EPAM Systems by 14,325.2% during the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after purchasing an additional 652,515 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of EPAM Systems by 80.0% during the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after purchasing an additional 264,570 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after buying an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of EPAM Systems by 643.4% during 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 purchasing an additional 361,363 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in EPAM Systems by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 379,834 shares of the information technology services provider’s stock valued at $71,451,000 after purchasing an additional 15,116 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.