D.B. Root & Company LLC Boosts Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

D.B. Root & Company LLC grew its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 78.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,903 shares of the information technology services provider’s stock after purchasing an additional 837 shares during the quarter. D.B. Root & Company LLC’s holdings in EPAM Systems were worth $445,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EPAM. Metis Global Partners LLC increased its holdings in EPAM Systems by 2.5% during the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares during the last quarter. First Horizon Advisors Inc. grew 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 period. SkyView Investment Advisors LLC increased its stake 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 worth $409,000 after purchasing an additional 60 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of EPAM Systems by 4.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock worth $311,000 after purchasing an additional 65 shares during the period. Finally, Empirical Finance LLC lifted its stake in EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPAM has been the subject of a number of recent research reports. Needham & Company LLC raised their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup boosted their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. 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 research note on Wednesday, November 13th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated 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 sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock valued at $2,089,878 over the last three months. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Stock Performance

NYSE:EPAM opened at $235.19 on Thursday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. 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 stock has a market cap of $13.34 billion, a P/E ratio of 30.54, a PEG ratio of 3.49 and a beta of 1.50. The business’s 50-day moving average price is $238.72 and its two-hundred day moving average price is $214.61.

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.