Tobam Trims Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Tobam reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 50.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,349 shares of the information technology services provider's stock after selling 8,411 shares during the period. Tobam's holdings in EPAM Systems were worth $1,952,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EPAM. Metis Global Partners LLC increased its stake in 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 acquiring an additional 50 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of EPAM Systems by 21.3% during the third 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 in the last quarter. SkyView Investment Advisors LLC boosted its position in EPAM Systems by 3.0% during 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 buying an additional 60 shares during the period. V Square Quantitative Management LLC boosted its holdings in EPAM Systems by 4.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider's stock valued at $311,000 after acquiring an additional 65 shares during the period. Finally, Empirical Finance LLC increased its holdings in EPAM Systems by 5.2% during the 3rd 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 during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded up $2.86 on Tuesday, hitting $262.86. 129,745 shares of the company's stock were exchanged, compared to its average volume of 483,298. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The stock has a market capitalization of $14.91 billion, a PE ratio of 34.14, a PEG ratio of 3.96 and a beta of 1.51. 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 $242.20 and a 200-day simple moving average of $219.68.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares of the company's stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,300 shares of company stock valued at $2,129,924. Company insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EPAM. Mizuho lifted their price target on EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th. Piper Sandler boosted their price target on EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and raised their price objective for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and an average price target of $271.47.

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.