EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 52.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,800 shares of the information technology services provider's stock after acquiring an additional 4,749 shares during the quarter. Handelsbanken Fonder AB's holdings in EPAM Systems were worth $3,227,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EPAM. Manning & Napier Advisors LLC increased its stake in EPAM Systems by 48.8% in the fourth quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider's stock worth $155,323,000 after purchasing an additional 217,960 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of EPAM Systems by 45.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock worth $102,570,000 after purchasing an additional 160,989 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of EPAM Systems by 643.4% in the third 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. Assenagon Asset Management S.A. increased its stake in EPAM Systems by 10.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider's stock worth $80,949,000 after buying an additional 33,715 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in EPAM Systems by 3.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 308,498 shares of the information technology services provider's stock valued at $61,400,000 after buying an additional 8,959 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 1.1 %

Shares of EPAM Systems stock traded down $2.29 during trading on Friday, reaching $206.02. The company's stock had a trading volume of 1,406,838 shares, compared to its average volume of 665,134. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. The company has a 50-day simple moving average of $240.81 and a two-hundred day simple moving average of $222.51. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EPAM shares. Barclays raised shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Piper Sandler raised their price target on EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, Mizuho lifted their price objective on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $268.44.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 464 shares of the 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 transaction, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 sale, the senior vice president now owns 13,000 shares of the company's stock, valued at approximately $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 quarter, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

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.