37,454 Shares in EPAM Systems, Inc. (NYSE:EPAM) Acquired by Centre Asset Management LLC

Centre Asset Management LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,454 shares of the information technology services provider's stock, valued at approximately $8,757,000. EPAM Systems comprises about 2.0% of Centre Asset Management LLC's holdings, making the stock its 24th largest holding. Centre Asset Management LLC owned 0.07% of EPAM Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Pacer Advisors Inc. grew its position in shares of EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock worth $123,601,000 after acquiring an additional 652,515 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock worth $83,100,000 after purchasing an additional 361,363 shares during the last quarter. TD Asset Management Inc increased its stake in shares of EPAM Systems by 80.0% in the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock valued at $112,017,000 after purchasing an additional 264,570 shares during the period. Acadian Asset Management LLC raised its holdings in shares of EPAM Systems by 47,294.2% during the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider's stock valued at $35,560,000 after buying an additional 188,704 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in shares of EPAM Systems by 97.7% during the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider's stock worth $63,707,000 after buying an additional 167,343 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EPAM. Itau BBA Securities raised EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price objective 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. Piper Sandler increased their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Barclays upgraded shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Finally, Susquehanna increased their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Six research 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $272.20.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the sale, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at $5,886,132. This 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 can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, 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. In the last 90 days, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Trading Up 0.7 %

EPAM stock traded up $1.56 during mid-day trading on Friday, reaching $230.72. 374,649 shares of the stock traded hands, compared to its average volume of 394,625. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. The stock's fifty day moving average is $233.86 and its 200-day moving average is $210.13. The company has a market cap of $13.09 billion, a P/E ratio of 29.96, a P/E/G ratio of 3.87 and a beta of 1.49. The company has a current ratio of 4.56, a quick 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.