Brighton Jones LLC Acquires New Shares in EPAM Systems, Inc. (NYSE:EPAM)

Brighton Jones LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 931 shares of the information technology services provider’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the fourth quarter worth $35,000. Farther Finance Advisors LLC boosted its holdings in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the period. Capital Performance Advisors LLP bought a new position in EPAM Systems in the 3rd quarter worth $44,000. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’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 completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,222 shares of company stock worth $2,089,878. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 0.1 %

Shares of EPAM stock opened at $252.20 on Tuesday. The company has a market capitalization of $14.30 billion, a P/E ratio of 32.75, a P/E/G ratio of 3.48 and a beta of 1.50. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month 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. The firm has a 50-day moving average price of $239.46 and a 200 day moving average price of $216.20.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EPAM. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Susquehanna lifted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, November 8th. Mizuho boosted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler raised their price target 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. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $269.84.

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.