Park Avenue Securities LLC Has $325,000 Position in EPAM Systems, Inc. (NYSE:EPAM)

Park Avenue Securities LLC lessened its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,390 shares of the information technology services provider’s stock after selling 165 shares during the period. Park Avenue Securities LLC’s holdings in EPAM Systems were worth $325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt increased its position in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc purchased a new position in EPAM Systems during the fourth quarter worth about $35,000. Farther Finance Advisors LLC raised its position in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the third quarter worth about $44,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems in the third quarter worth about $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

NYSE:EPAM opened at $252.67 on Friday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week 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 $14.33 billion, a PE ratio of 32.81, a P/E/G ratio of 3.48 and a beta of 1.50. The business’s 50-day simple moving average is $239.08 and its two-hundred day simple moving average is $215.52.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of research analyst reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group reduced their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Citigroup boosted their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $269.84.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of the 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 completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares in the company, 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 8,222 shares of company stock worth $2,089,878 over the last quarter. Insiders own 4.30% of the company’s stock.

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.