GAMMA Investing LLC Raises Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

GAMMA Investing LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM) by 55.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,174 shares of the information technology services provider’s stock after buying an additional 421 shares during the quarter. GAMMA Investing LLC’s holdings in EPAM Systems were worth $275,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EPAM. National Bank of Canada FI boosted its position in shares of 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 acquired a new stake in EPAM Systems in the second quarter worth about $406,000. Choreo LLC purchased a new stake in shares of EPAM Systems during the second quarter worth about $456,000. Royal London Asset Management Ltd. increased its holdings in shares of EPAM Systems by 1.1% during the second 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 in the last quarter. Finally, Andra AP fonden raised its position in shares of EPAM Systems by 125.0% in the 2nd quarter. Andra AP fonden now owns 124,000 shares of the information technology services provider’s stock valued at $23,326,000 after purchasing an additional 68,900 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Performance

NYSE EPAM opened at $228.55 on Wednesday. The company has a current ratio of 4.56, a quick 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 stock has a 50-day moving average of $235.34 and a 200 day moving average of $211.34. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 3.87 and a beta of 1.50.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research analyst reports. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Susquehanna upped their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Finally, Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research report on Friday, November 8th. Six 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.84.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction 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 $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock valued at $2,089,878 in the last three months. 4.30% of the stock is currently owned by company insiders.

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.