Diversified Trust Co Purchases 1,280 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Diversified Trust Co raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 63.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,310 shares of the information technology services provider’s stock after acquiring an additional 1,280 shares during the quarter. Diversified Trust Co’s holdings in EPAM Systems were worth $774,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. National Bank of Canada FI lifted its holdings in EPAM Systems by 24.7% in the 2nd quarter. National Bank of Canada FI now owns 15,993 shares of the information technology services provider’s stock worth $2,968,000 after purchasing an additional 3,166 shares in the last quarter. Prudential PLC purchased a new position in shares of EPAM Systems in the second quarter worth $406,000. Choreo LLC purchased a new position in EPAM Systems during the second quarter valued at $456,000. Royal London Asset Management Ltd. increased its holdings in EPAM Systems by 1.1% in the 2nd quarter. Royal London Asset Management Ltd. now owns 21,810 shares of the information technology services provider’s stock valued at $4,103,000 after acquiring an additional 227 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in EPAM Systems by 12.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,394 shares of the information technology services provider’s stock worth $1,203,000 after purchasing an additional 731 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. 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 EPAM Systems stock in a transaction that occurred on 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 directly 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. In the last 90 days, insiders have sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EPAM has been the topic of a number of research reports. Susquehanna lifted their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Mizuho increased their price target on shares of 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 EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Citigroup lifted 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. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $267.84.

EPAM Systems Stock Up 0.2 %

Shares of NYSE:EPAM opened at $228.94 on Friday. The business’s 50 day moving average is $236.95 and its 200 day moving average is $211.59. The stock has a market cap of $12.99 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.74 and a beta of 1.49. 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.

EPAM Systems Company 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.