2,469 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by Wallace Advisory Group LLC

Wallace Advisory Group LLC acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,469 shares of the information technology services provider's stock, valued at approximately $577,000.

Several other large investors also recently modified their holdings of EPAM. Czech National Bank raised its holdings in 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 valued at $2,876,000 after acquiring an additional 701 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of EPAM Systems by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock valued at $1,024,000 after purchasing an additional 74 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of EPAM Systems by 4.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock worth $343,000 after purchasing an additional 69 shares during the last quarter. Diversified Trust Co lifted its position in shares of 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. Finally, Oliver Luxxe Assets LLC acquired a new position in EPAM Systems in the fourth quarter worth about $1,889,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on EPAM shares. Mizuho increased their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Barclays upgraded shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. 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 report on Friday, November 8th. Piper Sandler increased their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Susquehanna lifted their target price on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $267.84.

EPAM Systems Trading Up 0.2 %

Shares of EPAM Systems stock traded up $0.42 during trading on Tuesday, hitting $226.24. The stock had a trading volume of 366,530 shares, compared to its average volume of 442,141. The stock has a 50 day simple moving average of $238.41 and a 200 day simple moving average of $212.59. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12.83 billion, a PE ratio of 29.38, a P/E/G ratio of 3.74 and a beta of 1.50.

Insider Activity at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business'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 transaction, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,222 shares of company stock valued at $2,089,878. Company insiders own 4.30% of the company's stock.

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.