Kentucky Retirement Systems Insurance Trust Fund bought a new stake in EPAM Systems, Inc. (NYSE:EPAM – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,591 shares of the information technology services provider’s stock, valued at approximately $1,064,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of EPAM Systems by 38.5% in the third quarter. Allworth Financial LP now owns 72 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 20 shares in the last quarter. Pacifica Partners Inc. purchased a new stake in shares of EPAM Systems in the fourth quarter worth approximately $56,000. Amplius Wealth Advisors LLC purchased a new stake in shares of EPAM Systems in the fourth quarter worth approximately $70,000. Lindbrook Capital LLC lifted its position in shares of EPAM Systems by 70.8% in the fourth quarter. Lindbrook Capital LLC now owns 123 shares of the information technology services provider’s stock worth $82,000 after purchasing an additional 51 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of EPAM Systems by 11.2% in the third quarter. Penserra Capital Management LLC now owns 198 shares of the information technology services provider’s stock worth $112,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.
EPAM Systems stock traded up $8.60 on Tuesday, hitting $289.80. The company’s stock had a trading volume of 2,496 shares, compared to its average volume of 1,315,016. The firm has a market cap of $16.48 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 6.98 and a beta of 1.81. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $311.36 and a 200-day moving average price of $502.09. EPAM Systems, Inc. has a one year low of $168.59 and a one year high of $725.40.
Several equities analysts recently weighed in on EPAM shares. Wolfe Research raised shares of EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $390.00 price objective on the stock in a research report on Monday, April 11th. Piper Sandler cut their price objective on shares of EPAM Systems from $410.00 to $359.00 and set a “neutral” rating on the stock in a research report on Friday, April 1st. Citigroup cut their price objective on shares of EPAM Systems from $680.00 to $325.00 in a research report on Tuesday, March 1st. StockNews.com started coverage on shares of EPAM Systems in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Needham & Company LLC cut their price objective on shares of EPAM Systems from $650.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Buy” and a consensus price target of $433.00.
About EPAM Systems (Get Rating)
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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
- Get a free copy of the StockNews.com research report on EPAM Systems (EPAM)
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