Blue Trust Inc. Increases Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Blue Trust Inc. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 46.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488 shares of the information technology services provider’s stock after purchasing an additional 155 shares during the period. Blue Trust Inc.’s holdings in EPAM Systems were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EPAM. Creative Planning lifted its stake in EPAM Systems by 34.0% in the 2nd quarter. Creative Planning now owns 3,574 shares of the information technology services provider’s stock valued at $672,000 after buying an additional 907 shares in the last quarter. Czech National Bank lifted its holdings in EPAM Systems by 5.0% in the 3rd quarter. Czech National Bank now owns 11,598 shares of the information technology services provider’s stock valued at $2,308,000 after purchasing an additional 551 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of EPAM Systems by 147.7% during the 3rd quarter. GAMMA Investing LLC now owns 753 shares of the information technology services provider’s stock worth $150,000 after purchasing an additional 449 shares during the last quarter. CWM LLC grew its holdings in shares of EPAM Systems by 112.8% during the third quarter. CWM LLC now owns 3,951 shares of the information technology services provider’s stock worth $786,000 after buying an additional 2,094 shares in the last quarter. Finally, Perpetual Ltd acquired a new position in shares of EPAM Systems in the third quarter valued at approximately $272,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the 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 sale, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. 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 90 days. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Up 2.9 %

EPAM Systems stock opened at $264.69 on Friday. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 3.75 and a beta of 1.51. The business has a 50 day moving average price of $241.54 and a two-hundred day moving average price of $218.79. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. Needham & Company LLC raised their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Mizuho boosted their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. 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 MarketBeat, the stock 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.