EPAM Systems, Inc. (NYSE:EPAM) Holdings Boosted by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,553 shares of the information technology services provider’s stock after buying an additional 369 shares during the period. Inspire Investing LLC’s holdings in EPAM Systems were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in EPAM. Massachusetts Financial Services Co. MA increased its stake in EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after buying an additional 361,363 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock valued at $102,570,000 after acquiring an additional 160,989 shares during the period. Citigroup Inc. raised its holdings in EPAM Systems by 199.5% during the third quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after purchasing an additional 115,720 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in EPAM Systems in the third quarter worth approximately $21,787,000. Finally, Bank of Montreal Can boosted its stake in EPAM Systems by 107.1% during the 2nd quarter. Bank of Montreal Can now owns 174,813 shares of the information technology services provider’s stock valued at $32,900,000 after purchasing an additional 90,411 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on 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 directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade 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 can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the company’s 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 sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at $5,886,132. The trade was a 3.87 % 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 90 days. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM stock opened at $235.19 on Thursday. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 3.49 and a beta of 1.50. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $238.72 and its 200-day moving average is $214.61.

Analysts Set New Price Targets

Several analysts have recently weighed in on EPAM shares. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup raised their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $269.84.

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.