Entropy Technologies LP Purchases 4,878 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Entropy Technologies LP boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 374.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,179 shares of the information technology services provider's stock after purchasing an additional 4,878 shares during the quarter. Entropy Technologies LP's holdings in EPAM Systems were worth $1,445,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt lifted its position 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 worth $31,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its position 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 worth $42,000 after acquiring an additional 106 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $52,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 1.0 %

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

Analyst Ratings Changes

EPAM has been the subject of a number of research reports. Barclays upgraded EPAM Systems from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Needham & Company LLC raised their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Jefferies Financial Group cut their target price 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. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and raised their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, StockNews.com upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $269.83.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 of the company's stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,300 shares of company stock valued at $2,129,924. Company insiders own 4.30% of the company's stock.

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.