Mirae Asset Global Investments Co. Ltd. Buys 1,370 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Mirae Asset Global Investments Co. Ltd. raised its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,136 shares of the information technology services provider's stock after buying an additional 1,370 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in EPAM Systems were worth $1,460,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EPAM. Metis Global Partners LLC grew its position in shares of EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock valued at $404,000 after purchasing an additional 50 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock valued at $65,000 after purchasing an additional 57 shares in the last quarter. SkyView Investment Advisors LLC grew its position in shares of EPAM Systems by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock valued at $409,000 after purchasing an additional 60 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider's stock valued at $311,000 after purchasing an additional 65 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider's stock valued at $271,000 after purchasing an additional 67 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPAM has been the subject of several recent research reports. Susquehanna lifted their price target on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research report on Friday, November 8th. Piper Sandler lifted 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. Barclays upgraded EPAM Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Itau BBA Securities upgraded EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, November 8th. Finally, Citigroup upped their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $269.83.

EPAM Systems Trading Down 0.5 %

Shares of EPAM Systems stock traded down $1.42 during trading on Friday, reaching $266.21. The company's stock had a trading volume of 387,209 shares, compared to its average volume of 505,867. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51. The firm's 50-day moving average is $244.09 and its two-hundred day moving average is $221.09. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock worth $2,129,924 in the last ninety days. 4.30% of the stock is owned by company insiders.

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.