Blue Trust Inc. Has $114,000 Stake in EPAM Systems, Inc. (NYSE:EPAM)

Blue Trust Inc. lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 46.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 488 shares of the information technology services provider’s stock after buying an additional 155 shares during the quarter. Blue Trust Inc.’s holdings in EPAM Systems were worth $114,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems during the fourth quarter worth $35,000. 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 purchasing an additional 100 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems during the third quarter worth about $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the third quarter worth about $52,000. 91.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Mizuho increased their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Citigroup lifted their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.47.

EPAM Systems Price Performance

NYSE:EPAM opened at $264.69 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 3.75 and a beta of 1.51. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm’s 50-day simple moving average is $241.54 and its 200 day simple moving average is $218.79.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated 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 transaction, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,300 shares of company stock valued at $2,129,924. 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.