EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Oak Ridge Investments LLC

Oak Ridge Investments LLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,113 shares of the information technology services provider’s stock after acquiring an additional 621 shares during the period. Oak Ridge Investments LLC’s holdings in EPAM Systems were worth $3,300,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC acquired a new stake in shares of EPAM Systems during the 4th quarter worth about $245,000. CHURCHILL MANAGEMENT Corp acquired a new stake in EPAM Systems during the fourth quarter worth approximately $11,149,000. Assenagon Asset Management S.A. grew its stake in EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider’s stock worth $80,949,000 after acquiring an additional 33,715 shares during the period. Oak Thistle LLC acquired a new position in EPAM Systems in the 4th quarter valued at $5,058,000. Finally, Wallace Advisory Group LLC purchased a new position in shares of EPAM Systems during the 4th quarter worth $577,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other news, 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 sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the 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 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. Insiders sold a total of 8,222 shares of company stock worth $2,089,878 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EPAM shares. Piper Sandler lifted their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC upped their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Mizuho raised 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. The Goldman Sachs Group raised 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. Finally, Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.84.

EPAM Systems Stock Performance

NYSE:EPAM opened at $228.91 on Friday. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The stock has a market cap of $12.98 billion, a P/E ratio of 29.73, a PEG ratio of 3.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm has a 50-day moving average of $239.45 and a two-hundred day moving average of $213.59.

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.