Ifrah Financial Services Inc. Acquires New Shares in EPAM Systems, Inc. (NYSE:EPAM)

Ifrah Financial Services Inc. acquired a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 926 shares of the information technology services provider’s stock, valued at approximately $216,000.

Other hedge funds have also bought and sold shares of the company. Metis Global Partners LLC grew its stake in shares of EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after acquiring an additional 50 shares during the period. First Horizon Advisors Inc. grew its position in EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 57 shares during the period. SkyView Investment Advisors LLC grew its position in EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 60 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of EPAM Systems by 4.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock valued at $311,000 after buying an additional 65 shares during the period. Finally, Empirical Finance LLC boosted its stake in shares of EPAM Systems by 5.2% in the 3rd quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM Systems stock opened at $266.21 on Tuesday. 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 stock’s 50-day simple moving average is $244.47 and its 200-day simple moving average is $221.54. The company has a market capitalization of $15.10 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler upped their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup upped 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. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the company from $235.00 to $295.00 in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Six equities 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $269.83.

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.