EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its position in EPAM Systems, Inc. (NYSE:EPAM) by 64.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,071 shares of the information technology services provider’s stock after purchasing an additional 809 shares during the period. Kestra Investment Management LLC’s holdings in EPAM Systems were worth $484,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its position in shares of EPAM Systems by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 57 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 60 shares during the last quarter. Empirical Finance LLC lifted its position in shares of EPAM Systems by 5.2% during the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock valued at $271,000 after acquiring an additional 67 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of EPAM Systems by 16.4% during the 3rd quarter. Covestor Ltd now owns 490 shares of the information technology services provider’s stock valued at $98,000 after acquiring an additional 69 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EPAM shares. Mizuho increased their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Citigroup increased their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Susquehanna increased their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. Finally, Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $269.83.

EPAM Systems Trading Down 1.9 %

EPAM Systems stock opened at $261.01 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a market capitalization of $14.80 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 3.96 and a beta of 1.51. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company’s fifty day moving average price is $244.68 and its two-hundred day moving average price is $221.91.

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 in the company, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 over the last three months. 4.30% of the stock is currently owned by insiders.

About EPAM Systems

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.