CHURCHILL MANAGEMENT Corp Makes New $11.15 Million Investment in EPAM Systems, Inc. (NYSE:EPAM)

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 47,682 shares of the information technology services provider's stock, valued at approximately $11,149,000. CHURCHILL MANAGEMENT Corp owned 0.08% of EPAM Systems as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EPAM. Pacer Advisors Inc. boosted its holdings in shares of EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock worth $123,601,000 after purchasing an additional 652,515 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock worth $83,100,000 after buying an additional 361,363 shares during the period. Epoch Investment Partners Inc. grew its position in shares of EPAM Systems by 97.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock worth $63,707,000 after buying an additional 167,343 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EPAM Systems by 45.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock valued at $102,570,000 after buying an additional 160,989 shares during the period. Finally, Citigroup Inc. increased its stake in shares of EPAM Systems by 199.5% during the third quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider's stock valued at $34,576,000 after buying an additional 115,720 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Up 0.3 %

Shares of EPAM traded up $0.68 during trading hours on Thursday, hitting $229.42. The company had a trading volume of 302,884 shares, compared to its average volume of 418,408. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The firm has a fifty day moving average price of $239.54 and a 200-day moving average price of $213.08. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 3.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Analyst Ratings Changes

Several research firms recently weighed in on EPAM. Piper Sandler lifted their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Mizuho raised 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. Susquehanna boosted their price target on shares of EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research report on Friday, November 8th. Needham & Company LLC raised their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Citigroup lifted their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Six investment 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 $267.84.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The stock was 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 of the company's stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated 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 completion of the sale, the senior vice president now owns 13,000 shares of the company's stock, valued at $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 ninety days, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate 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.