Advisors Preferred LLC Invests $950,000 in EPAM Systems, Inc. (NYSE:EPAM)

Advisors Preferred LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,144 shares of the information technology services provider’s stock, valued at approximately $950,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in EPAM Systems in the 4th quarter valued at about $35,000. Livforsakringsbolaget Skandia Omsesidigt increased its position 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 worth $31,000 after acquiring an additional 100 shares in the last quarter. Farther Finance Advisors LLC lifted its position in EPAM Systems by 101.0% in 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in EPAM Systems during the 3rd quarter valued at about $44,000. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems during the 3rd quarter valued at about $52,000. 91.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

EPAM has been the topic of a number of recent research reports. Susquehanna raised their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a report on Friday, November 8th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, November 8th. Needham & Company LLC upped their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Mizuho lifted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.47.

EPAM Systems Trading Down 1.4 %

Shares of EPAM Systems stock opened at $260.58 on Friday. The company’s 50-day moving average price is $241.88 and its 200-day moving average price is $219.13. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 3.75 and a beta of 1.51. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred 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 $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is currently owned by company insiders.

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.