Manchester Capital Management LLC Has $48,000 Stake in EPAM Systems, Inc. (NYSE:EPAM)

Manchester Capital Management LLC raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 590.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 207 shares of the information technology services provider’s stock after acquiring an additional 177 shares during the period. Manchester Capital Management LLC’s holdings in EPAM Systems were worth $48,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneva Capital Management LLC increased its holdings in shares of EPAM Systems by 6.0% in the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider’s stock valued at $14,187,000 after purchasing an additional 4,027 shares in the last quarter. Centre Asset Management LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $8,757,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of EPAM Systems in the third quarter valued at approximately $8,195,000. Oliver Luxxe Assets LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $1,889,000. Finally, Victory Capital Management Inc. increased its holdings in shares of EPAM Systems by 247.6% in the third quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock valued at $14,419,000 after purchasing an additional 51,603 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research reports. Piper Sandler raised their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Mizuho lifted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $269.83.

EPAM Systems Stock Performance

NYSE EPAM opened at $266.21 on Friday. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $15.10 billion, a P/E ratio of 34.57, a P/E/G ratio of 3.96 and a beta of 1.51. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The firm has a 50-day moving average price of $244.09 and a two-hundred day moving average price of $221.14.

Insider Transactions 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 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 owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. Company insiders own 4.30% of the company’s stock.

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.