Entropy Technologies LP Acquires 4,878 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Entropy Technologies LP increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 374.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,179 shares of the information technology services provider’s stock after purchasing an additional 4,878 shares during the period. Entropy Technologies LP’s holdings in EPAM Systems were worth $1,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the period. Versant Capital Management Inc bought a new stake in EPAM Systems in the 4th quarter valued at $35,000. Farther Finance Advisors LLC boosted its stake 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 worth $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP bought a new position in EPAM Systems during the 3rd quarter worth about $44,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the 3rd quarter valued at about $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction 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. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly 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 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. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

EPAM has been the subject of several recent research reports. Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. 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. Finally, Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.47.

EPAM Systems Trading Down 1.4 %

Shares of EPAM Systems stock opened at $260.58 on Monday. The company has a market capitalization 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. The business has a fifty day simple moving average of $241.88 and a two-hundred day simple moving average of $219.31. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

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.