GAMMA Investing LLC Purchases 421 Shares of EPAM Systems, Inc. (NYSE:EPAM)

GAMMA Investing LLC raised its position in EPAM Systems, Inc. (NYSE:EPAM) by 55.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,174 shares of the information technology services provider’s stock after acquiring an additional 421 shares during the quarter. GAMMA Investing LLC’s holdings in EPAM Systems were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geneva Capital Management LLC grew its holdings in EPAM Systems by 6.0% during 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 during the period. Oppenheimer Asset Management Inc. bought a new position in shares of EPAM Systems during the 3rd quarter valued at approximately $8,195,000. Victory Capital Management Inc. increased its holdings in EPAM Systems by 247.6% in the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider’s stock worth $14,419,000 after acquiring an additional 51,603 shares in the last quarter. Raymond James & Associates raised its stake in EPAM Systems by 1,741.1% during the 3rd quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider’s stock worth $7,303,000 after acquiring an additional 34,701 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in EPAM Systems by 251.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,128 shares of the information technology services provider’s stock valued at $3,807,000 after purchasing an additional 13,690 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several recent analyst reports. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Susquehanna upped their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $267.84.

Insider Buying and Selling

In related news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the business’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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock valued at $2,089,878 in the last ninety days. 4.30% of the stock is owned by company insiders.

EPAM Systems Trading Down 1.1 %

Shares of EPAM opened at $228.55 on Wednesday. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $235.34 and its 200-day simple moving average is $211.34. The company has a market cap of $12.96 billion, a P/E ratio of 29.68, a P/E/G ratio of 3.87 and a beta of 1.50.

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.