EPAM Systems (NYSE:EPAM) Upgraded by The Goldman Sachs Group to “Buy” Rating

The Goldman Sachs Group upgraded shares of EPAM Systems (NYSE:EPAM) from a neutral rating to a buy rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have $295.00 price objective on the information technology services provider’s stock, up from their prior price objective of $235.00.

Several other research firms also recently commented on EPAM. JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price for the company. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Needham & Company LLC lifted their target price on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Susquehanna boosted 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. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $268.95.

EPAM Systems Trading Up 2.1 %

EPAM opened at $245.44 on Friday. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50. The business’s 50 day moving average is $215.53 and its two-hundred day moving average is $201.36. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 3.70 and a beta of 1.49.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of EPAM Systems by 28.6% during the second quarter. CWM LLC now owns 1,857 shares of the information technology services provider’s stock valued at $349,000 after buying an additional 413 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of EPAM Systems during the 2nd quarter worth $29,000. SG Americas Securities LLC boosted its holdings in shares of EPAM Systems by 235.3% during the second quarter. SG Americas Securities LLC now owns 23,409 shares of the information technology services provider’s stock worth $4,403,000 after purchasing an additional 16,428 shares during the last quarter. Czech National Bank grew its position in shares of EPAM Systems by 8.8% in the second quarter. Czech National Bank now owns 11,047 shares of the information technology services provider’s stock valued at $2,078,000 after purchasing an additional 895 shares during the period. Finally, D.B. Root & Company LLC acquired a new position in EPAM Systems in the second quarter valued at $322,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

About EPAM Systems

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.