Handelsbanken Fonder AB Purchases 4,749 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Handelsbanken Fonder AB lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 52.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,800 shares of the information technology services provider’s stock after acquiring an additional 4,749 shares during the quarter. Handelsbanken Fonder AB’s holdings in EPAM Systems were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cumberland Partners Ltd bought a new stake in EPAM Systems during the 4th quarter worth approximately $935,000. Ieq Capital LLC lifted its holdings in shares of EPAM Systems by 189.5% during the fourth quarter. Ieq Capital LLC now owns 15,848 shares of the information technology services provider’s stock worth $3,706,000 after purchasing an additional 10,373 shares during the period. Alberta Investment Management Corp bought a new stake in shares of EPAM Systems in the fourth quarter worth $2,132,000. Kestra Investment Management LLC increased its holdings in EPAM Systems by 64.1% in the fourth quarter. Kestra Investment Management LLC now owns 2,071 shares of the information technology services provider’s stock valued at $484,000 after purchasing an additional 809 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in EPAM Systems by 38.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,889 shares of the information technology services provider’s stock worth $442,000 after purchasing an additional 524 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of analyst reports. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler upped their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. Mizuho boosted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Scotiabank decreased their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $268.44.

EPAM Systems Trading Down 0.7 %

Shares of EPAM Systems stock opened at $207.37 on Tuesday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock has a 50 day moving average price of $242.83 and a two-hundred day moving average price of $222.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The stock has a market capitalization of $11.76 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity at EPAM Systems

In other 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 sale, the senior vice president now 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 legal filing with the SEC, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,300 shares of company stock valued at $2,129,924. 4.30% of the stock is owned by 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.