EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin Sells 6,758 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

EPAM Systems Stock Down 2.2 %

NYSE:EPAM opened at $244.64 on Friday. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a 50-day moving average price of $220.73 and a two-hundred day moving average price of $203.57. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 3.87 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.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors have recently modified their holdings of EPAM. ORG Partners LLC boosted its stake in EPAM Systems by 5,000.0% in the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in EPAM Systems by 181.8% in the 3rd 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 last quarter. Farther Finance Advisors LLC raised its position in EPAM Systems by 101.0% in the 3rd 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 acquired a new position in EPAM Systems during the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the 3rd quarter worth approximately $52,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group boosted their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Needham & Company LLC boosted their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, November 8th. Finally, Piper Sandler raised their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $268.95.

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.