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

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

Several other institutional investors have also added to or reduced their stakes in EPAM. Advisors Preferred LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth $950,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in 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 valued at $1,423,000 after acquiring an additional 136 shares during the last quarter. Lion Street Advisors LLC acquired a new position in EPAM Systems during the fourth quarter worth about $224,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of EPAM Systems by 28.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,136 shares of the information technology services provider’s stock worth $1,460,000 after acquiring an additional 1,370 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $227,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, November 8th. Finally, Mizuho boosted their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $271.47.

EPAM Systems Trading Down 1.4 %

NYSE EPAM opened at $260.58 on Monday. 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, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The business has a 50 day moving average price of $241.88 and a 200-day moving average price of $219.31. The company has a market cap 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.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now 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 through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % 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 worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

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.