Centre Asset Management LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,454 shares of the information technology services provider’s stock, valued at approximately $8,757,000. EPAM Systems comprises 2.0% of Centre Asset Management LLC’s holdings, making the stock its 24th biggest holding.
Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc purchased a new position in EPAM Systems during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC boosted its position in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems during the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 3rd quarter valued at $52,000. 91.58% of the stock is owned by institutional investors.
Analysts Set New Price Targets
EPAM has been the topic of a number of recent research reports. Susquehanna boosted their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC boosted their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $245.00 to $275.00 in a research note on Monday, November 11th. 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 MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and a consensus price target of $272.20.
Insider Activity
In related news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,222 shares of company stock worth $2,089,878. Company insiders own 4.30% of the company’s stock.
EPAM Systems Trading Up 0.5 %
Shares of EPAM Systems stock traded up $1.08 on Friday, reaching $230.24. 32,132 shares of the company’s stock were exchanged, compared to its average volume of 217,913. The company has a market capitalization of $13.06 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm’s 50-day moving average is $233.08 and its two-hundred day moving average is $209.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.
About EPAM Systems
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.
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