Stifel Financial Corp Buys 3,864 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Stifel Financial Corp boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,329 shares of the information technology services provider's stock after purchasing an additional 3,864 shares during the quarter. Stifel Financial Corp owned about 0.06% of EPAM Systems worth $6,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of EPAM Systems by 14,325.2% in the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its position in EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after buying an additional 361,363 shares during the period. TD Asset Management Inc grew its holdings in EPAM Systems by 80.0% in the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock worth $112,017,000 after acquiring an additional 264,570 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of EPAM Systems by 47,294.2% in the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider's stock valued at $35,560,000 after acquiring an additional 188,704 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in shares of EPAM Systems by 97.7% during the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock valued at $63,707,000 after acquiring an additional 167,343 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EPAM. Citigroup raised their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Mizuho lifted their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Susquehanna upped their target price on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $268.95.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were 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 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 disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock worth $2,089,878 in the last quarter. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Performance

EPAM stock traded down $5.43 during trading on Friday, reaching $244.64. The stock had a trading volume of 767,518 shares, compared to its average volume of 636,106. The firm has a market cap of $13.88 billion, a PE ratio of 31.77, a PEG ratio of 3.87 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average is $220.73 and its two-hundred day moving average is $203.57. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50.

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.