Bristlecone Advisors LLC Increases Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Bristlecone Advisors LLC lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 75.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,247 shares of the information technology services provider’s stock after purchasing an additional 2,690 shares during the period. Bristlecone Advisors LLC’s holdings in EPAM Systems were worth $1,461,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of EPAM Systems by 181.8% in the 3rd 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 acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC grew its holdings in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of EPAM Systems in the 3rd quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems in the 3rd quarter valued at approximately $52,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EPAM shares. Citigroup boosted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Piper Sandler increased their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group cut their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, Morgan Stanley raised their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $271.47.

EPAM Systems Trading Down 1.4 %

NYSE EPAM opened at $260.58 on Monday. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The firm has a 50-day moving average price of $241.88 and a 200 day moving average price of $219.31. The stock has a market capitalization of $14.78 billion, a P/E ratio of 33.84, a P/E/G ratio of 3.96 and a beta of 1.51. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

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.