Ifrah Financial Services Inc. Invests $216,000 in EPAM Systems, Inc. (NYSE:EPAM)

Ifrah Financial Services Inc. acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 926 shares of the information technology services provider’s stock, valued at approximately $216,000.

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its position in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of EPAM Systems in the third quarter worth $44,000. Manchester Capital Management LLC boosted its holdings in shares of EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 177 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems during the 3rd quarter valued at $52,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Down 0.5 %

Shares of EPAM opened at $266.21 on Tuesday. The stock has a market capitalization of $15.10 billion, a P/E ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $244.47 and a two-hundred day simple moving average of $221.54.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value 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 approximately $3,334,890. This represents a 34.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction dated 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 directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,300 shares of company stock valued at $2,129,924. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Citigroup boosted their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Needham & Company LLC upped their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average target price of $269.83.

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.