EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 16.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 901 shares of the information technology services provider’s stock after selling 182 shares during the period. Nisa Investment Advisors LLC’s holdings in EPAM Systems were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in shares of EPAM Systems by 37.3% during the 2nd quarter. Sei Investments Co. now owns 25,432 shares of the information technology services provider’s stock worth $4,785,000 after acquiring an additional 6,914 shares during the period. Public Sector Pension Investment Board increased its position in EPAM Systems by 76.1% during the second quarter. Public Sector Pension Investment Board now owns 2,226 shares of the information technology services provider’s stock worth $419,000 after purchasing an additional 962 shares during the last quarter. AQR Capital Management LLC raised its stake in EPAM Systems by 261.6% during the second quarter. AQR Capital Management LLC now owns 79,039 shares of the information technology services provider’s stock worth $14,719,000 after purchasing an additional 57,180 shares during the period. MBB Public Markets I LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $631,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of EPAM Systems by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,303 shares of the information technology services provider’s stock valued at $7,017,000 after buying an additional 3,082 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler lifted their price target 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. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. Finally, Needham & Company LLC increased their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $269.84.

EPAM Systems Trading Down 1.3 %

Shares of EPAM Systems stock opened at $251.91 on Thursday. The company has a fifty day simple moving average of $240.36 and a 200-day simple moving average of $216.88. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 3.48 and a beta of 1.50.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the sale, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred 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 approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,300 shares of company stock worth $2,366,924 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

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.