National Bank of Canada FI Increases Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

National Bank of Canada FI boosted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 81.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,061 shares of the information technology services provider's stock after purchasing an additional 13,068 shares during the quarter. National Bank of Canada FI owned about 0.05% of EPAM Systems worth $5,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC lifted its holdings in shares of EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider's stock worth $404,000 after purchasing an additional 50 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of EPAM Systems by 0.4% during the second quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider's stock valued at $2,406,000 after buying an additional 52 shares during the last quarter. Taylor Frigon Capital Management LLC increased its position in shares of EPAM Systems by 0.5% during the second quarter. Taylor Frigon Capital Management LLC now owns 12,339 shares of the information technology services provider's stock worth $2,321,000 after acquiring an additional 56 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after acquiring an additional 57 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in EPAM Systems by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,788 shares of the information technology services provider's stock valued at $1,089,000 after acquiring an additional 63 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $5.43 on Friday, hitting $244.64. The company's stock had a trading volume of 760,832 shares, compared to its average volume of 635,291. The company has a market capitalization of $13.88 billion, a PE ratio of 32.48, a PEG ratio of 3.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company has a 50-day simple moving average of $219.80 and a 200 day simple moving average of $203.12. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EPAM shares. Citigroup boosted their price objective on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Piper Sandler upped their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Susquehanna raised their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $268.95.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now owns 24,836 shares of the company's stock, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock valued at $2,089,878 over the last three months. 4.30% of the stock is owned by corporate insiders.

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.