Tidal Investments LLC Boosts Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Tidal Investments LLC increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,681 shares of the information technology services provider’s stock after purchasing an additional 384 shares during the quarter. Tidal Investments LLC’s holdings in EPAM Systems were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EPAM. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings 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 worth $31,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the third quarter worth about $44,000. Sentry Investment Management LLC purchased a new position in EPAM Systems in the third quarter valued at about $52,000. Finally, Continuum Advisory LLC grew its stake in EPAM Systems by 5,240.0% during the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 262 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Down 3.6 %

EPAM opened at $239.11 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The company has a market capitalization of $13.56 billion, a PE ratio of 31.05, a P/E/G ratio of 3.87 and a beta of 1.49. The stock’s fifty day moving average is $223.69 and its 200-day moving average is $205.14. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Itau BBA Securities raised 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. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $245.00 to $275.00 in a report on Monday, November 11th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. Finally, Piper Sandler lifted their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $272.20.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction on 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate insiders.

EPAM Systems 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.