SG Americas Securities LLC lessened its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 88.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,123 shares of the information technology services provider's stock after selling 8,289 shares during the quarter. SG Americas Securities LLC's holdings in EPAM Systems were worth $263,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. MBM Wealth Consultants LLC increased its position in EPAM Systems by 3.0% during the fourth quarter. MBM Wealth Consultants LLC now owns 5,720 shares of the information technology services provider's stock valued at $1,311,000 after acquiring an additional 165 shares during the last quarter. Perpetual Ltd increased its position in EPAM Systems by 90.3% in the fourth quarter. Perpetual Ltd now owns 2,605 shares of the information technology services provider's stock worth $609,000 after buying an additional 1,236 shares in the last quarter. Oak Ridge Investments LLC increased its position in EPAM Systems by 4.6% in the fourth quarter. Oak Ridge Investments LLC now owns 14,113 shares of the information technology services provider's stock worth $3,300,000 after buying an additional 621 shares in the last quarter. Merit Financial Group LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $245,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in EPAM Systems in the fourth quarter worth about $11,149,000. Hedge funds and other institutional investors own 91.58% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Piper Sandler upped their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. StockNews.com upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Citigroup increased their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and increased their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Barclays upgraded EPAM Systems from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $271.47.
Read Our Latest Stock Report on EPAM
EPAM Systems Stock Down 1.4 %
Shares of EPAM Systems stock traded down $3.68 during trading on Friday, reaching $260.58. The company's stock had a trading volume of 342,757 shares, compared to its average volume of 511,176. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 33.84, a P/E/G ratio of 3.96 and a beta of 1.51. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The company has a 50-day simple moving average of $241.88 and a two-hundred day simple moving average of $219.21.
Insiders Place Their Bets
In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is owned by company insiders.
About EPAM Systems
(
Free Report)
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.
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