EPAM Systems (NYSE:EPAM) Sees Strong Trading Volume – Still a Buy?

Shares of EPAM Systems, Inc. (NYSE:EPAM) saw an uptick in trading volume on Monday . 496,187 shares changed hands during trading, a decline of 21% from the previous session’s volume of 629,107 shares.The stock last traded at $247.17 and had previously closed at $245.45.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a report on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective for the company. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $235.00 to $295.00 in a research report on Friday. Needham & Company LLC lifted their price objective on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Piper Sandler raised their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.95.

EPAM Systems Price Performance

The firm has a 50 day moving average of $215.53 and a two-hundred day moving average of $201.52. The company has a market cap of $14.25 billion, a PE ratio of 31.88, a P/E/G ratio of 3.76 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction dated 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 sale, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by insiders.

Institutional Trading of EPAM Systems

A number of institutional investors have recently made changes to their positions in EPAM. ORG Partners LLC grew its stake in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC increased its holdings in EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP bought a new position in EPAM Systems in the third quarter worth approximately $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 3rd quarter worth $52,000. Hedge funds and other 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.