Linden Thomas Advisory Services LLC Decreases Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Linden Thomas Advisory Services LLC reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,922 shares of the information technology services provider’s stock after selling 90 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in EPAM Systems were worth $2,788,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after acquiring an additional 160,989 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 purchasing an additional 33,715 shares during the period. Dimensional Fund Advisors LP lifted its stake in EPAM Systems by 33.4% in the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider’s stock valued at $64,466,000 after purchasing an additional 85,883 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in EPAM Systems by 3.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider’s stock valued at $61,400,000 after purchasing an additional 8,959 shares during the period. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 464 shares of the company’s 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 represents a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,222 shares of company stock worth $2,089,878. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM opened at $252.67 on Friday. The stock has a market cap of $14.33 billion, a P/E ratio of 32.81, a PEG ratio of 3.48 and a beta of 1.50. 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 business’s 50-day moving average price is $239.08 and its two-hundred day moving average price is $215.29. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Susquehanna boosted their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Jefferies Financial Group dropped their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC lifted their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $269.84.

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.