CHURCHILL MANAGEMENT Corp Invests $11.15 Million in EPAM Systems, Inc. (NYSE:EPAM)

CHURCHILL MANAGEMENT Corp bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 47,682 shares of the information technology services provider’s stock, valued at approximately $11,149,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. boosted its holdings in shares of EPAM Systems by 7.6% in the second quarter. American Century Companies Inc. now owns 13,982 shares of the information technology services provider’s stock valued at $2,630,000 after acquiring an additional 987 shares during the period. DekaBank Deutsche Girozentrale grew its position in EPAM Systems by 6.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,117 shares of the information technology services provider’s stock valued at $1,992,000 after buying an additional 644 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of EPAM Systems during the second quarter worth about $10,565,000. Dimensional Fund Advisors LP raised its holdings in EPAM Systems by 33.4% during the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider’s stock worth $64,466,000 after purchasing an additional 85,883 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in EPAM Systems by 167.1% in the second quarter. Edgestream Partners L.P. now owns 7,052 shares of the information technology services provider’s stock valued at $1,327,000 after purchasing an additional 4,412 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several research analyst reports. Mizuho increased their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC boosted their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $267.84.

EPAM Systems Price Performance

Shares of EPAM stock opened at $228.64 on Thursday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock’s fifty day moving average is $239.61 and its 200-day moving average is $212.96. The stock has a market capitalization of $12.97 billion, a PE ratio of 29.69, a PEG ratio of 3.74 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Insider Transactions at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction that occurred on 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 sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % 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 quarter. 4.30% of the stock is 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.