Geode Capital Management LLC Sells 21,968 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Geode Capital Management LLC trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,311,969 shares of the information technology services provider's stock after selling 21,968 shares during the period. Geode Capital Management LLC owned about 2.31% of EPAM Systems worth $260,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Partners LLC boosted its holdings in EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 150 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the third quarter worth $44,000. Finally, Sentry Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at $52,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EPAM. Citigroup raised their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Jefferies Financial Group boosted their price target on EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 9th. Piper Sandler upped their price target on EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their target price on EPAM Systems from $222.00 to $262.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $268.95.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 13,000 shares of the company's stock, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the sale, the chief financial officer now 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. In the last ninety 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 Stock Down 2.2 %

Shares of EPAM traded down $5.43 during trading hours on Friday, hitting $244.64. The company had a trading volume of 767,518 shares, compared to its average volume of 636,106. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49. The firm has a fifty day moving average price of $220.73 and a 200-day moving average price of $203.93. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-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.

EPAM Systems 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.