EPAM Systems, Inc. (NYSE:EPAM) Stake Boosted by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 55.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,794 shares of the information technology services provider’s stock after purchasing an additional 642 shares during the quarter. Summit Trail Advisors LLC’s holdings in EPAM Systems were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of EPAM. Manning & Napier Advisors LLC lifted its holdings in shares of EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after purchasing an additional 217,960 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after buying an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after buying an additional 361,363 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of EPAM Systems by 10.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock valued at $80,949,000 after acquiring an additional 33,715 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of EPAM Systems by 3.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock worth $61,400,000 after acquiring an additional 8,959 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by insiders.

EPAM Systems Stock Performance

Shares of EPAM opened at $264.91 on Thursday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The stock has a market capitalization of $15.03 billion, a P/E ratio of 34.40, a P/E/G ratio of 3.96 and a beta of 1.51. The firm’s 50 day moving average is $243.13 and its 200-day moving average is $220.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

Analysts Set New Price Targets

EPAM has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $245.00 to $275.00 in a report on Monday, November 11th. Piper Sandler increased their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.83.

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.