Parcion Private Wealth LLC Makes New $207,000 Investment in EPAM Systems, Inc. (NYSE:EPAM)

Parcion Private Wealth LLC bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 885 shares of the information technology services provider’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at $35,000. Farther Finance Advisors LLC raised its stake in shares of 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 buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems during the 3rd quarter worth $44,000. Manchester Capital Management LLC raised its stake in shares of EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after buying an additional 177 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the 3rd quarter worth $52,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’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 directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the subject of several research reports. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, November 8th. Finally, Citigroup boosted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $269.83.

EPAM Systems Stock Down 12.8 %

Shares of NYSE:EPAM opened at $225.11 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a market capitalization of $12.77 billion, a P/E ratio of 29.23, a PEG ratio of 3.92 and a beta of 1.51. The stock has a 50-day simple moving average of $244.27 and a 200-day simple moving average of $222.18.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. Equities analysts forecast that EPAM Systems, Inc. will post 8.59 earnings per share for the current year.

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.