Stifel Financial Corp Buys 3,864 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Stifel Financial Corp increased its stake in EPAM Systems, Inc. (NYSE:EPAM) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 32,329 shares of the information technology services provider’s stock after acquiring an additional 3,864 shares during the period. Stifel Financial Corp’s holdings in EPAM Systems were worth $6,434,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EPAM. Pacer Advisors Inc. raised its position in EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after purchasing an additional 652,515 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after purchasing an additional 361,363 shares during the last quarter. TD Asset Management Inc raised its position in EPAM Systems by 80.0% in the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock worth $112,017,000 after purchasing an additional 264,570 shares during the last quarter. Acadian Asset Management LLC raised its position in EPAM Systems by 47,294.2% in the 2nd quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock worth $35,560,000 after purchasing an additional 188,704 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of EPAM Systems by 97.7% during the 2nd quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider’s stock valued at $63,707,000 after acquiring an additional 167,343 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling

In other news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,222 shares of company stock valued at $2,089,878. Company insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $244.64 on Friday. The firm has a market cap of $13.88 billion, a PE ratio of 31.77, a PEG ratio of 3.87 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The company has a fifty day moving average price of $220.73 and a 200 day moving average price of $203.57.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho upped their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Susquehanna upped their target price on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Needham & Company LLC upped their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $268.95.

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.