EPAM Systems, Inc. (NYSE:EPAM) Stock Position Raised by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,113 shares of the information technology services provider’s stock after acquiring an additional 621 shares during the period. Oak Ridge Investments LLC’s holdings in EPAM Systems were worth $3,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of EPAM Systems by 7.6% during the second quarter. American Century Companies Inc. now owns 13,982 shares of the information technology services provider’s stock valued at $2,630,000 after acquiring an additional 987 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in EPAM Systems in the 2nd quarter valued at about $10,565,000. Dimensional Fund Advisors LP boosted its stake in EPAM Systems by 33.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider’s stock valued at $64,466,000 after purchasing an additional 85,883 shares during the period. Edgestream Partners L.P. grew its position in EPAM Systems by 167.1% in the 2nd quarter. Edgestream Partners L.P. now owns 7,052 shares of the information technology services provider’s stock worth $1,327,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of EPAM Systems by 37.4% during the second quarter. Amalgamated Bank now owns 17,056 shares of the information technology services provider’s stock valued at $3,208,000 after buying an additional 4,647 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Trading Down 0.1 %

EPAM Systems stock opened at $228.91 on Friday. The company’s fifty day simple moving average is $239.45 and its 200-day simple moving average is $213.59. 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 12 month low of $169.43 and a 12 month high of $317.50. The stock has a market cap of $12.98 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.32 and a beta of 1.50.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,222 shares of company stock valued at $2,089,878 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Mizuho raised their price target on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Susquehanna raised their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. 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 research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.84.

EPAM Systems Profile

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.