Sumitomo Mitsui Trust Group Inc. Has $29.40 Million Stake in EPAM Systems, Inc. (NYSE:EPAM)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,750 shares of the information technology services provider's stock after selling 1,406 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of EPAM Systems worth $29,403,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Manning & Napier Advisors LLC increased its holdings 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 valued at $155,323,000 after purchasing an additional 217,960 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $102,570,000 after purchasing an additional 160,989 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 valued at $83,100,000 after purchasing an additional 361,363 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in EPAM Systems by 10.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,201 shares of the information technology services provider's stock valued at $80,949,000 after purchasing an additional 33,715 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in EPAM Systems by 3.0% in the third 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 purchasing an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm'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 owns 13,000 shares in the company, valued at $3,334,890. This trade represents a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,300 shares of company stock worth $2,129,924. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded down $1.42 during trading hours on Friday, reaching $266.21. 387,209 shares of the stock were exchanged, compared to its average volume of 511,176. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 3.96 and a beta of 1.51. 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, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock's fifty day simple moving average is $244.09 and its 200 day simple moving average is $221.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EPAM shares. Mizuho upped 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. Susquehanna upped their price objective on EPAM Systems from $240.00 to $270.00 and gave the company a "positive" rating in a report on Friday, November 8th. Jefferies Financial Group dropped their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Piper Sandler increased 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. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $269.83.

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.