Retirement Systems of Alabama Sells 458 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Retirement Systems of Alabama lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,330 shares of the information technology services provider’s stock after selling 458 shares during the quarter. Retirement Systems of Alabama’s holdings in EPAM Systems were worth $2,454,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC lifted 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 valued at $42,000 after buying an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in EPAM Systems in the 3rd quarter valued at about $44,000. Sentry Investment Management LLC bought a new position in EPAM Systems in the 3rd quarter worth about $52,000. Finally, Continuum Advisory LLC grew its stake in EPAM Systems by 5,240.0% in the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 262 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the sale, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 in the last ninety days. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 0.6 %

NYSE EPAM opened at $248.26 on Friday. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a fifty day simple moving average of $224.77 and a two-hundred day simple moving average of $205.43. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $14.08 billion, a P/E ratio of 32.24, a P/E/G ratio of 3.87 and a beta of 1.49.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the stock from $235.00 to $295.00 in a 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 price target on the stock in a research note on Friday, November 8th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Susquehanna increased their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $272.20.

About EPAM Systems

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.