Louisiana State Employees Retirement System Sells 100 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Louisiana State Employees Retirement System decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,100 shares of the information technology services provider’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in EPAM Systems were worth $725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Versant Capital Management Inc bought a new position in shares of EPAM Systems during the fourth quarter worth approximately $35,000. Farther Finance Advisors LLC increased its stake in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP bought a new position in shares of EPAM Systems during the third quarter worth approximately $44,000. Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the third quarter worth approximately $52,000. Finally, Continuum Advisory LLC increased its stake in shares of EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 262 shares during the period. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley increased their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target 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 report on Friday, November 15th. Finally, Susquehanna increased their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.83.

EPAM Systems Trading Down 1.9 %

NYSE EPAM opened at $261.01 on Wednesday. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a market cap of $14.80 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 3.96 and a beta of 1.51. The business’s fifty day moving average is $244.68 and its 200 day moving average is $221.91.

Insider Activity at EPAM Systems

In related news, 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 transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction 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 ownership of the stock. 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 in the last 90 days. 4.30% of the stock is owned by corporate 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.