EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAMFree Report) by 14.1% during the third quarter, Holdings Channel reports. The fund owned 24,351 shares of the information technology services provider’s stock after acquiring an additional 3,006 shares during the period. Victory Capital Management Inc.’s holdings in EPAM Systems were worth $6,226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EPAM. BOKF NA raised its position in EPAM Systems by 0.6% during the 2nd quarter. BOKF NA now owns 7,427 shares of the information technology services provider’s stock worth $1,669,000 after purchasing an additional 44 shares during the last quarter. Sovereign Financial Group Inc. raised its position in EPAM Systems by 6.0% during the 4th quarter. Sovereign Financial Group Inc. now owns 792 shares of the information technology services provider’s stock worth $260,000 after purchasing an additional 45 shares during the last quarter. Horizon Investments LLC raised its position in EPAM Systems by 6.2% during the 2nd quarter. Horizon Investments LLC now owns 855 shares of the information technology services provider’s stock worth $192,000 after purchasing an additional 50 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in EPAM Systems by 1.2% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,546 shares of the information technology services provider’s stock worth $1,022,000 after purchasing an additional 53 shares during the last quarter. Finally, Clear Street Markets LLC raised its position in EPAM Systems by 93.1% during the 1st quarter. Clear Street Markets LLC now owns 112 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 900 shares of EPAM Systems stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $300.00, for a total value of $270,000.00. Following the transaction, the chief financial officer now owns 23,578 shares of the company’s stock, valued at approximately $7,073,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other EPAM Systems news, CFO Jason D. Peterson sold 600 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $270.00, for a total transaction of $162,000.00. Following the completion of the sale, the chief financial officer now directly owns 25,228 shares in the company, valued at approximately $6,811,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason D. Peterson sold 900 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $300.00, for a total value of $270,000.00. Following the sale, the chief financial officer now owns 23,578 shares of the company’s stock, valued at $7,073,400. The disclosure for this sale can be found here. Insiders have sold a total of 9,676 shares of company stock valued at $2,538,710 over the last three months. Company insiders own 3.20% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM opened at $285.69 on Thursday. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 7.00 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.77. EPAM Systems, Inc. has a one year low of $197.99 and a one year high of $380.72. The stock’s fifty day moving average is $288.39 and its 200-day moving average is $260.52.

Analysts Set New Price Targets

A number of research firms have issued reports on EPAM. HSBC upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Citigroup boosted their target price on shares of EPAM Systems from $250.00 to $312.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Jefferies Financial Group reissued a “hold” rating and issued a $295.00 price target on shares of EPAM Systems in a research note on Thursday, January 11th. Piper Sandler upped their price objective on shares of EPAM Systems from $265.00 to $339.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Finally, Mizuho initiated coverage on shares of EPAM Systems in a research report on Tuesday, January 30th. They issued a “buy” rating and a $340.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $304.67.

Get Our Latest Analysis on EPAM

EPAM Systems Company Profile

(Free Report)

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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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