EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Norris Perne & French LLP MI

Norris Perne & French LLP MI lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 69.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,735 shares of the information technology services provider’s stock after purchasing an additional 46,419 shares during the period. EPAM Systems makes up 1.9% of Norris Perne & French LLP MI’s holdings, making the stock its 16th biggest holding. Norris Perne & French LLP MI owned approximately 0.20% of EPAM Systems worth $26,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EPAM. Public Sector Pension Investment Board grew its position in shares of EPAM Systems by 76.1% during the second quarter. Public Sector Pension Investment Board now owns 2,226 shares of the information technology services provider’s stock worth $419,000 after buying an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of EPAM Systems by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,303 shares of the information technology services provider’s stock worth $7,017,000 after purchasing an additional 3,082 shares during the last quarter. Mackenzie Financial Corp increased its holdings in EPAM Systems by 12.4% in the second quarter. Mackenzie Financial Corp now owns 8,859 shares of the information technology services provider’s stock valued at $1,666,000 after buying an additional 980 shares during the last quarter. Creative Planning raised its stake in EPAM Systems by 34.0% in the second quarter. Creative Planning now owns 3,574 shares of the information technology services provider’s stock valued at $672,000 after buying an additional 907 shares in the last quarter. Finally, American Trust lifted its holdings in EPAM Systems by 10.6% during the 2nd quarter. American Trust now owns 1,487 shares of the information technology services provider’s stock worth $280,000 after buying an additional 143 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,300 shares of company stock valued at $2,366,924 in the last three months. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 0.3 %

NYSE:EPAM opened at $251.04 on Friday. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The business’s 50-day simple moving average is $240.49 and its 200 day simple moving average is $217.12. 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 stock has a market cap of $14.24 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.72 and a beta of 1.50.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Mizuho lifted their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup lifted their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Susquehanna upped their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Finally, Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

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.