EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson Sells 1,000 Shares

EPAM Systems, Inc. (NYSE:EPAM) CFO Jason D. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were 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 in the company, valued at $5,886,132. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

EPAM Systems Price Performance

NYSE EPAM traded up $2.50 on Tuesday, reaching $245.75. The company’s stock had a trading volume of 659,952 shares, compared to its average volume of 622,270. The stock has a market cap of $13.94 billion, a PE ratio of 31.83, a PEG ratio of 5.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.56. The firm’s 50 day moving average is $199.79 and its two-hundred day moving average is $197.65. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50.

EPAM Systems announced that its board has initiated a stock repurchase program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of EPAM Systems in the 1st quarter valued at approximately $272,000. Envestnet Portfolio Solutions Inc. raised its holdings in EPAM Systems by 3.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,026 shares of the information technology services provider’s stock valued at $1,112,000 after buying an additional 147 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of EPAM Systems in the 1st quarter worth approximately $220,000. SG Americas Securities LLC grew its position in shares of EPAM Systems by 58.8% during the 1st quarter. SG Americas Securities LLC now owns 6,981 shares of the information technology services provider’s stock worth $1,928,000 after buying an additional 2,586 shares during the period. Finally, Forsta AP Fonden increased its stake in EPAM Systems by 11.2% during the 1st quarter. Forsta AP Fonden now owns 11,900 shares of the information technology services provider’s stock valued at $3,286,000 after purchasing an additional 1,200 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of recent research reports. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Citigroup increased 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. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday. Piper Sandler upped their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $245.00 to $275.00 in a research note on Monday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $263.00.

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.