EPAM Systems, Inc. (NYSE:EPAM) Holdings Increased by Norris Perne & French LLP MI

Norris Perne & French LLP MI lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 69.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,735 shares of the information technology services provider’s stock after acquiring an additional 46,419 shares during the quarter. EPAM Systems comprises about 1.9% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 16th biggest holding. Norris Perne & French LLP MI’s holdings in EPAM Systems were worth $26,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in shares of EPAM Systems by 76.1% in the second quarter. Public Sector Pension Investment Board now owns 2,226 shares of the information technology services provider’s stock valued at $419,000 after buying an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in EPAM Systems by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,303 shares of the information technology services provider’s stock worth $7,017,000 after purchasing an additional 3,082 shares in the last quarter. Mackenzie Financial Corp raised its holdings in EPAM Systems by 12.4% during the 2nd quarter. Mackenzie Financial Corp now owns 8,859 shares of the information technology services provider’s stock worth $1,666,000 after buying an additional 980 shares during the period. Creative Planning boosted its holdings in shares of EPAM Systems by 34.0% in the second quarter. Creative Planning now owns 3,574 shares of the information technology services provider’s stock worth $672,000 after buying an additional 907 shares during the period. Finally, American Trust increased its position in shares of EPAM Systems by 10.6% in the second quarter. American Trust now owns 1,487 shares of the information technology services provider’s stock worth $280,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM opened at $251.04 on Friday. The stock has a market capitalization of $14.24 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 3.72 and a beta of 1.50. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The firm has a 50 day moving average of $240.49 and a 200-day moving average of $217.12. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,300 shares of company stock valued at $2,366,924. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EPAM. Piper Sandler lifted their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Susquehanna raised their price objective 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. Citigroup lifted 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. Jefferies Financial Group lowered their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target for the company in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

EPAM Systems Company 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.