Tokio Marine Asset Management Co. Ltd. Buys 207 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,127 shares of the information technology services provider’s stock after purchasing an additional 207 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $497,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norris Perne & French LLP MI boosted its stake in shares of EPAM Systems by 69.0% in the 4th quarter. Norris Perne & French LLP MI now owns 113,735 shares of the information technology services provider’s stock worth $26,594,000 after buying an additional 46,419 shares during the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after buying an additional 217,960 shares during the last quarter. Swedbank AB purchased a new position in shares of EPAM Systems in the 4th quarter worth approximately $1,730,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of EPAM Systems by 61.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 57,223 shares of the information technology services provider’s stock worth $13,380,000 after buying an additional 21,673 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of EPAM Systems in the 4th quarter worth approximately $161,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EPAM shares. Piper Sandler boosted their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC upped their price objective on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th. Citigroup upped their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $271.47.

EPAM Systems Trading Down 0.5 %

EPAM Systems stock opened at $255.20 on Wednesday. The stock has a market cap of $14.47 billion, a P/E ratio of 33.14, a PEG ratio of 3.75 and a beta of 1.51. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm’s fifty day moving average price is $240.93 and its 200-day moving average price is $218.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s 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 transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 approximately $3,334,890. The trade was 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 company insiders.

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.