EPAM Systems (NYSE:EPAM) Rating Increased to Overweight at Barclays

EPAM Systems (NYSE:EPAM) was upgraded by stock analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $290.00 price objective on the information technology services provider’s stock, up from their previous price objective of $250.00. Barclays‘s price objective suggests a potential upside of 19.05% from the stock’s current price.

EPAM has been the subject of a number of other reports. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Citigroup upped their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, November 8th. Finally, StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. 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, the company has an average rating of “Moderate Buy” and an average target price of $272.20.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $243.59 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 3.87 and a beta of 1.49. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a 50 day simple moving average of $221.74 and a two-hundred day simple moving average of $204.41.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,222 shares of company stock worth $2,089,878. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

A number of institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its position in EPAM Systems by 6.1% during the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider’s stock worth $1,330,000 after acquiring an additional 384 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of EPAM Systems by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 60 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of EPAM Systems in the third quarter valued at $738,000. M&T Bank Corp increased its stake in EPAM Systems by 3.0% in the third quarter. M&T Bank Corp now owns 13,217 shares of the information technology services provider’s stock valued at $2,631,000 after purchasing an additional 380 shares during the last quarter. Finally, Barclays PLC boosted its stake in EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after buying an additional 13,981 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.