2,136 Shares in EPAM Systems, Inc. (NYSE:EPAM) Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,136 shares of the information technology services provider's stock, valued at approximately $499,000.

A number of other institutional investors have also added to or reduced their stakes in EPAM. Versant Capital Management Inc acquired a new position in EPAM Systems during the fourth quarter worth $35,000. Farther Finance Advisors LLC increased its holdings in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of EPAM Systems in the third quarter valued at $44,000. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the third quarter valued at $52,000. Finally, Continuum Advisory LLC increased its holdings in shares of EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 262 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,300 shares of company stock worth $2,129,924 in the last ninety days. Corporate insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EPAM. Mizuho boosted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday. The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their target price for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $269.83.

EPAM Systems Trading Down 7.2 %

NYSE:EPAM traded down $16.09 on Friday, reaching $208.98. 1,694,396 shares of the stock traded hands, compared to its average volume of 598,817. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. The company's 50 day moving average is $243.56 and its 200-day moving average is $222.23. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

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

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.