EPAM Systems (EPAM) Reaches New 52-Week High at $122.74
EPAM Systems Inc (NYSE:EPAM) shares reached a new 52-week high during trading on Friday . The stock traded as high as $122.74 and last traded at $122.95, with a volume of 270167 shares. The stock had previously closed at $118.78.
Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Cowen set a $115.00 target price on shares of EPAM Systems and gave the stock a “buy” rating in a report on Monday, December 11th. UBS Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and increased their target price for the stock from $105.00 to $110.00 in a report on Wednesday, November 29th. Pivotal Research assumed coverage on shares of EPAM Systems in a report on Tuesday, December 5th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Needham & Company LLC increased their target price on shares of EPAM Systems to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. EPAM Systems has an average rating of “Buy” and an average price target of $113.94.
The stock has a market capitalization of $6,300.07, a price-to-earnings ratio of 93.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.31 and a current ratio of 5.31.
In other news, Director Richard Michael Mayoras sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total value of $286,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.17% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in shares of EPAM Systems by 113.9% in the 4th quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after buying an additional 944 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $204,000. Comerica Bank bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $225,000. Two Sigma Investments LP bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $215,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $232,000. Institutional investors and hedge funds own 90.68% of the company’s stock.
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About EPAM Systems
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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