Manning & Napier Advisors LLC Boosts Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Manning & Napier Advisors LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 48.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,286 shares of the information technology services provider's stock after acquiring an additional 217,960 shares during the quarter. EPAM Systems comprises approximately 1.8% of Manning & Napier Advisors LLC's portfolio, making the stock its 14th largest holding. Manning & Napier Advisors LLC owned about 1.17% of EPAM Systems worth $155,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc purchased a new stake in EPAM Systems during the 4th quarter worth $35,000. Farther Finance Advisors LLC boosted its stake 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 acquiring an additional 106 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in EPAM Systems during the third quarter valued at $44,000. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems in the third quarter worth $52,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now owns 13,000 shares of the company's stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,300 shares of company stock worth $2,366,924 over the last quarter. Insiders own 4.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EPAM. Itau BBA Securities upgraded EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research report on Friday, November 8th. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC increased their price objective on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $269.84.

EPAM Systems Stock Down 0.3 %

NYSE:EPAM traded down $0.81 during mid-day trading on Thursday, reaching $251.04. The company's stock had a trading volume of 420,198 shares, compared to its average volume of 513,567. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a fifty day moving average of $240.49 and a 200-day moving average of $217.12. The firm has a market capitalization of $14.24 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. 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 Company 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.