Oak Thistle LLC Makes New $5.06 Million Investment in EPAM Systems, Inc. (NYSE:EPAM)

Oak Thistle LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,630 shares of the information technology services provider's stock, valued at approximately $5,058,000. EPAM Systems accounts for about 1.5% of Oak Thistle LLC's holdings, making the stock its largest holding.

Other hedge funds have also recently bought and sold shares of the company. Wallace Advisory Group LLC acquired a new stake in EPAM Systems in the 4th quarter worth about $577,000. Czech National Bank boosted its position in shares of EPAM Systems by 6.0% in the fourth quarter. Czech National Bank now owns 12,299 shares of the information technology services provider's stock worth $2,876,000 after acquiring an additional 701 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of EPAM Systems by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock worth $1,024,000 after acquiring an additional 74 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in EPAM Systems by 4.9% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock valued at $343,000 after purchasing an additional 69 shares during the period. Finally, Diversified Trust Co increased its position in EPAM Systems by 63.1% during the fourth quarter. Diversified Trust Co now owns 3,310 shares of the information technology services provider's stock worth $774,000 after purchasing an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPAM. Mizuho boosted their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Barclays upgraded EPAM Systems from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Citigroup increased their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Finally, Needham & Company LLC lifted their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.84.

Insider Activity

In related news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is currently owned by insiders.

EPAM Systems Stock Up 0.8 %

NYSE EPAM traded up $1.84 during mid-day trading on Wednesday, reaching $228.64. 344,075 shares of the company's stock traded hands, compared to its average volume of 430,627. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The company has a fifty day simple moving average of $239.09 and a 200-day simple moving average of $212.85. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 3.74 and a beta of 1.50.

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.