EPAM Systems, Inc. (NYSE:EPAM) shares hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from $96.00 to $105.00. Citigroup currently has a buy rating on the stock. EPAM Systems traded as high as $91.59 and last traded at $91.39, with a volume of 162,240 shares changing hands. The stock had previously closed at $90.96.

A number of other analysts have also weighed in on EPAM. BidaskClub lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Berenberg Bank set a $95.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research report on Sunday, August 6th. KeyCorp increased their price objective on shares of EPAM Systems from $90.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 13th. UBS AG increased their price objective on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Cowen and Company reissued a “buy” rating and issued a $95.00 price objective on shares of EPAM Systems in a research report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $93.14.

In other news, SVP Elaina Shekhter sold 500 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 5,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $78.86, for a total transaction of $394,300.00. Following the transaction, the chief executive officer now owns 2,105,851 shares in the company, valued at $166,067,409.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 243,000 shares of company stock worth $20,262,045. Corporate insiders own 6.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in shares of EPAM Systems by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock valued at $549,000 after purchasing an additional 17 shares in the last quarter. Renaissance Group LLC boosted its stake in shares of EPAM Systems by 0.6% during the second quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock valued at $321,000 after purchasing an additional 21 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of EPAM Systems by 0.9% during the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock valued at $366,000 after purchasing an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of EPAM Systems by 1.1% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after purchasing an additional 70 shares in the last quarter. Finally, CS Mckee LP boosted its stake in shares of EPAM Systems by 0.6% during the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.82% of the company’s stock.

The stock’s 50-day moving average price is $85.44 and its 200-day moving average price is $82.38. The firm has a market cap of $4.78 billion, a PE ratio of 43.92 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The firm had revenue of $348.98 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts predict that EPAM Systems, Inc. will post $3.30 EPS for the current year.

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EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

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