Greenleaf Trust Acquires New Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Greenleaf Trust purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 972 shares of the information technology services provider's stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. Metis Global Partners LLC grew its position in EPAM Systems by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock worth $404,000 after acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. increased its position in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock valued at $65,000 after purchasing an additional 57 shares during the period. SkyView Investment Advisors LLC raised its holdings in EPAM Systems by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after purchasing an additional 60 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of EPAM Systems by 4.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider's stock worth $311,000 after purchasing an additional 65 shares during the period. Finally, Empirical Finance LLC boosted its stake in shares of EPAM Systems by 5.2% in the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider's stock valued at $271,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

Insider Buying and Selling

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded down $0.51 during mid-day trading on Monday, hitting $259.87. 296,977 shares of the stock were exchanged, compared to its average volume of 497,222. The company has a market capitalization of $14.74 billion, a P/E ratio of 33.75, a P/E/G ratio of 3.96 and a beta of 1.51. 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 company has a 50-day simple moving average of $242.20 and a 200 day simple moving average of $219.68. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several recent analyst reports. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Piper Sandler raised their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Susquehanna raised their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a "positive" rating in a report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $271.47.

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.