Bristlecone Advisors LLC Boosts Stake in EPAM Systems, Inc. (NYSE:EPAM)

Bristlecone Advisors LLC lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 75.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,247 shares of the information technology services provider's stock after buying an additional 2,690 shares during the period. Bristlecone Advisors LLC's holdings in EPAM Systems were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EPAM. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its stake in shares of EPAM Systems by 101.0% in the 3rd 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 during the period. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction dated 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 sale, 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. Insiders have sold a total of 8,300 shares of company stock worth $2,129,924 over the last quarter. Company insiders own 4.30% of the company's stock.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $2.65 during midday trading on Thursday, reaching $267.64. 463,640 shares of the company were exchanged, compared to its average volume of 509,960. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The stock has a market cap of $15.18 billion, a P/E ratio of 34.76, a PEG ratio of 3.96 and a beta of 1.51. The stock's 50-day moving average price is $243.67 and its 200-day moving average price is $220.70.

Analysts Set New Price Targets

EPAM has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and increased their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Citigroup raised their price objective on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and an average price target of $269.83.

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.