Lecap Asset Management Ltd. Sells 3,114 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Lecap Asset Management Ltd. lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,775 shares of the information technology services provider's stock after selling 3,114 shares during the period. EPAM Systems accounts for about 0.9% of Lecap Asset Management Ltd.'s investment portfolio, making the stock its 9th biggest holding. Lecap Asset Management Ltd.'s holdings in EPAM Systems were worth $3,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems during the fourth quarter worth about $35,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in 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 purchasing an additional 100 shares during the period. Farther Finance Advisors LLC grew its holdings in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after buying an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the third quarter worth $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the third quarter worth $52,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 0.9 %

Shares of EPAM traded up $2.46 during mid-day trading on Tuesday, reaching $262.46. 136,200 shares of the company's stock traded hands, compared to its average volume of 483,631. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month 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. The stock has a market cap of $14.89 billion, a P/E ratio of 34.09, a P/E/G ratio of 3.96 and a beta of 1.51. The stock's 50-day moving average is $242.20 and its two-hundred day moving average is $219.68.

Insider Activity

In related news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 13,000 shares of the company's stock, valued at $3,334,890. This represents 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 through the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were 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. Over the last ninety days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EPAM has been the topic of a number of research reports. Itau BBA Securities upgraded shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a report on Friday, November 8th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Needham & Company LLC upped their price objective on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Piper Sandler increased their target price on EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.