SG Americas Securities LLC Reduces Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

SG Americas Securities LLC trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 88.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,123 shares of the information technology services provider’s stock after selling 8,289 shares during the quarter. SG Americas Securities LLC’s holdings in EPAM Systems were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in shares of EPAM Systems by 34.0% in the 2nd quarter. Creative Planning now owns 3,574 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 907 shares during the period. Czech National Bank boosted its stake in EPAM Systems by 5.0% during the third quarter. Czech National Bank now owns 11,598 shares of the information technology services provider’s stock worth $2,308,000 after buying an additional 551 shares during the period. GAMMA Investing LLC increased its position in EPAM Systems by 147.7% during the third quarter. GAMMA Investing LLC now owns 753 shares of the information technology services provider’s stock valued at $150,000 after acquiring an additional 449 shares during the last quarter. CWM LLC increased its position in EPAM Systems by 112.8% during the third quarter. CWM LLC now owns 3,951 shares of the information technology services provider’s stock valued at $786,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Perpetual Ltd purchased a new stake in shares of EPAM Systems in the third quarter valued at $272,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.9 %

Shares of NYSE:EPAM opened at $257.39 on Thursday. The company has a market capitalization of $14.60 billion, a PE ratio of 33.43, a P/E/G ratio of 3.75 and a beta of 1.51. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The business’s fifty day simple moving average is $241.17 and its 200-day simple moving average is $218.47.

Insider Activity at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction 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 sale, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value 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 $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,300 shares of company stock valued at $2,129,924 over the last quarter. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on EPAM. Mizuho upped their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC upped their target price on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Piper Sandler boosted their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $271.47.

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.