EPAM Systems (NYSE:EPAM) Raised to “Overweight” at Barclays

EPAM Systems (NYSE:EPAM) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $290.00 price objective on the information technology services provider’s stock, up from their prior price objective of $250.00. Barclays‘s price target would indicate a potential upside of 21.28% from the company’s current price.

A number of other equities research analysts have also commented on the stock. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Citigroup raised their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price target on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Piper Sandler lifted their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and a consensus target price of $272.20.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $239.11 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems has a one year low of $169.43 and a one year high of $317.50. The business’s 50 day simple moving average is $223.69 and its two-hundred day simple moving average is $205.14. The stock has a market capitalization of $13.56 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EPAM Systems

Institutional investors have recently made changes to their positions in the business. Metis Global Partners LLC increased its stake in shares of EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after purchasing an additional 50 shares in the last quarter. Retirement Systems of Alabama grew its holdings in EPAM Systems by 0.4% during the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after purchasing an additional 52 shares during the period. Taylor Frigon Capital Management LLC raised its stake in shares of EPAM Systems by 0.5% in the second quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider’s stock worth $2,321,000 after buying an additional 56 shares during the period. First Horizon Advisors Inc. lifted its position in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 57 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 60 shares during the period. Institutional investors own 91.58% of the company’s stock.

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.