Summit Trail Advisors LLC Raises Stake in EPAM Systems, Inc. (NYSE:EPAM)

Summit Trail Advisors LLC lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 55.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,794 shares of the information technology services provider’s stock after buying an additional 642 shares during the period. Summit Trail Advisors LLC’s holdings in EPAM Systems were worth $419,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bristlecone Advisors LLC lifted its position in EPAM Systems by 75.6% during the fourth quarter. Bristlecone Advisors LLC now owns 6,247 shares of the information technology services provider’s stock worth $1,461,000 after buying an additional 2,690 shares during the period. Entropy Technologies LP increased its stake in shares of EPAM Systems by 374.9% during the 4th quarter. Entropy Technologies LP now owns 6,179 shares of the information technology services provider’s stock valued at $1,445,000 after acquiring an additional 4,878 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of EPAM Systems during the 4th quarter worth about $950,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of EPAM Systems by 2.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,085 shares of the information technology services provider’s stock worth $1,423,000 after acquiring an additional 136 shares during the last quarter. Finally, Lion Street Advisors LLC purchased a new stake in EPAM Systems in the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EPAM shares. Jefferies Financial Group decreased their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Piper Sandler lifted their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $269.83.

EPAM Systems Stock Performance

NYSE:EPAM opened at $264.91 on Thursday. 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 $15.03 billion, a P/E ratio of 34.40, a PEG ratio of 3.96 and a beta of 1.51. 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 $243.13 and a two-hundred day moving average of $220.37.

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.