EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt


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Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 84.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 600 shares of the information technology services provider’s stock after selling 3,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in EPAM Systems were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dorsey Wright & Associates boosted its holdings in EPAM Systems by 17.8% in the 4th quarter. Dorsey Wright & Associates now owns 5,075 shares of the information technology services provider’s stock worth $1,819,000 after acquiring an additional 768 shares during the period. IFM Investors Pty Ltd boosted its holdings in EPAM Systems by 20.5% in the 4th quarter. IFM Investors Pty Ltd now owns 5,423 shares of the information technology services provider’s stock worth $1,943,000 after acquiring an additional 923 shares during the period. Wetherby Asset Management Inc. boosted its holdings in EPAM Systems by 33.2% in the 3rd quarter. Wetherby Asset Management Inc. now owns 2,269 shares of the information technology services provider’s stock worth $734,000 after acquiring an additional 565 shares during the period. Stillwater Investment Management LLC purchased a new position in EPAM Systems in the 4th quarter worth approximately $430,000. Finally, Ellevest Inc. boosted its holdings in EPAM Systems by 45.2% in the 4th quarter. Ellevest Inc. now owns 546 shares of the information technology services provider’s stock worth $196,000 after acquiring an additional 170 shares during the period. 91.96% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on EPAM. Morgan Stanley increased their target price on EPAM Systems from $433.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Wells Fargo & Company increased their target price on EPAM Systems from $395.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Citigroup increased their target price on EPAM Systems from $415.00 to $440.00 in a research note on Friday, February 19th. Barclays increased their target price on EPAM Systems from $377.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, March 1st. Finally, Piper Sandler increased their target price on EPAM Systems from $404.00 to $442.00 and gave the company an “overweight” rating in a research note on Friday, February 19th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $363.31.

Shares of EPAM opened at $410.36 on Thursday. The business’s fifty day moving average price is $376.60 and its 200 day moving average price is $350.03. EPAM Systems, Inc. has a 12-month low of $183.51 and a 12-month high of $413.05. The stock has a market capitalization of $23.05 billion, a PE ratio of 75.57, a price-to-earnings-growth ratio of 2.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.22 and a quick ratio of 4.22.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Wednesday, February 17th. The information technology services provider reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.37. EPAM Systems had a return on equity of 18.29% and a net margin of 12.31%. The firm had revenue of $723.49 million for the quarter, compared to analysts’ expectations of $702.22 million. As a group, research analysts anticipate that EPAM Systems, Inc. will post 5.27 earnings per share for the current fiscal year.

In other EPAM Systems news, SVP Boris Shnayder sold 1,250 shares of the stock in a transaction on Friday, January 15th. The stock was sold at an average price of $347.05, for a total value of $433,812.50. Following the sale, the senior vice president now directly owns 6,303 shares of the company’s stock, valued at $2,187,456.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason D. Peterson sold 3,521 shares of the stock in a transaction on Monday, March 1st. The stock was sold at an average price of $376.01, for a total value of $1,323,931.21. Insiders sold 10,871 shares of company stock worth $3,957,835 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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