7,400 Shares in EPAM Systems, Inc. (NYSE:EPAM) Acquired by Swedbank AB

Swedbank AB acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, Holdings Channel reports. The fund acquired 7,400 shares of the information technology services provider’s stock, valued at approximately $1,730,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. The Manufacturers Life Insurance Company lifted its stake in shares of EPAM Systems by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 37,303 shares of the information technology services provider’s stock worth $7,017,000 after buying an additional 3,082 shares in the last quarter. Creative Planning lifted its stake in EPAM Systems by 34.0% in the 2nd quarter. Creative Planning now owns 3,574 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 907 shares in the last quarter. Czech National Bank boosted its holdings in shares of EPAM Systems by 5.0% during the 3rd quarter. Czech National Bank now owns 11,598 shares of the information technology services provider’s stock worth $2,308,000 after purchasing an additional 551 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of EPAM Systems by 147.7% in the third quarter. GAMMA Investing LLC now owns 753 shares of the information technology services provider’s stock valued at $150,000 after purchasing an additional 449 shares during the last quarter. Finally, Everpar Advisors LLC acquired a new stake in shares of EPAM Systems in the third quarter valued at approximately $269,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent research reports. Morgan Stanley raised their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday. Jefferies Financial Group cut their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Finally, Susquehanna increased their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $271.47.

EPAM Systems Trading Up 1.1 %

Shares of EPAM stock opened at $253.39 on Monday. The stock has a market capitalization of $14.37 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 3.72 and a beta of 1.50. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The company has a 50 day moving average price of $240.65 and a 200 day moving average price of $217.59.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, 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 90 days, 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 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.