Yousif Capital Management LLC Has $1.66 Million Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Yousif Capital Management LLC trimmed its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,103 shares of the information technology services provider’s stock after selling 290 shares during the period. Yousif Capital Management LLC’s holdings in EPAM Systems were worth $1,661,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EPAM. Massachusetts Financial Services Co. MA raised its position in shares of EPAM Systems by 643.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after acquiring an additional 361,363 shares during the last quarter. Manning & Napier Advisors LLC raised its position in EPAM Systems by 48.8% during the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after acquiring an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after acquiring an additional 160,989 shares during the period. Citigroup Inc. increased its stake in shares of EPAM Systems by 199.5% during the third quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after purchasing an additional 115,720 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $21,787,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Up 1.5 %

Shares of EPAM opened at $263.95 on Wednesday. The stock has a 50 day simple moving average of $242.67 and a two-hundred day simple moving average of $220.06. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The firm has a market cap of $14.97 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

Insiders Place Their Bets

In related news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 in the last ninety days. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Mizuho boosted their target price on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com upgraded 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 fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.