EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,085 shares of the information technology services provider’s stock after buying an additional 136 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EPAM Systems were worth $1,423,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC lifted its holdings in EPAM Systems by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in EPAM Systems by 21.3% during the third 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 last quarter. SkyView Investment Advisors LLC lifted its stake in EPAM Systems by 3.0% during the third 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 last quarter. V Square Quantitative Management LLC boosted its holdings in EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 65 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on 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 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 at this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock valued at $2,129,924 over the last quarter. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EPAM shares. StockNews.com upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Susquehanna upped their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Mizuho lifted their target price on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average price target of $271.47.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $263.95 on Wednesday. The company has a market cap of $14.97 billion, a P/E ratio of 34.28, a PEG ratio of 3.96 and a beta of 1.51. The company has a 50-day moving average price of $242.67 and a 200 day moving average price of $220.06. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. 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 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.