Advisors Preferred LLC Makes New Investment in EPAM Systems, Inc. (NYSE:EPAM)

Advisors Preferred LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,144 shares of the information technology services provider's stock, valued at approximately $950,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in EPAM. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of EPAM Systems by 2.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,085 shares of the information technology services provider's stock worth $1,423,000 after buying an additional 136 shares during the last quarter. Lion Street Advisors LLC bought a new stake in EPAM Systems in the 4th quarter worth approximately $224,000. Mirae Asset Global Investments Co. Ltd. grew its position in EPAM Systems by 28.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,136 shares of the information technology services provider's stock worth $1,460,000 after acquiring an additional 1,370 shares in the last quarter. Greenleaf Trust bought a new stake in shares of EPAM Systems in the 4th quarter worth about $227,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in EPAM Systems by 10.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,127 shares of the information technology services provider's stock worth $497,000 after purchasing an additional 207 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Up 0.4 %

EPAM Systems stock traded up $0.99 during trading hours on Wednesday, hitting $264.91. The company had a trading volume of 803,518 shares, compared to its average volume of 511,586. The firm's fifty day moving average is $243.13 and its 200-day moving average is $220.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm has a market capitalization of $15.03 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 3.96 and a beta of 1.51.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction 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. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPAM. Mizuho lifted their price target on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Itau BBA Securities upgraded EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a report on Friday, November 8th. Barclays raised shares of 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. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and an average price target of $271.47.

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.