Canada Pension Plan Investment Board Sells 48,038 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Canada Pension Plan Investment Board decreased its holdings in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 57.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,676 shares of the information technology services provider’s stock after selling 48,038 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of EPAM Systems worth $9,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Street Markets LLC boosted its position in EPAM Systems by 93.1% in the first 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. Financial Freedom LLC purchased a new position in EPAM Systems in the fourth quarter worth about $34,000. Lindbrook Capital LLC boosted its position in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 90 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in EPAM Systems in the third quarter worth about $45,000. Finally, Covestor Ltd boosted its position in EPAM Systems by 134.4% in the first quarter. Covestor Ltd now owns 150 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 86 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 1.6 %

Shares of EPAM opened at $290.81 on Tuesday. The business’s 50 day moving average is $290.11 and its 200 day moving average is $261.91. The company has a market capitalization of $16.78 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 6.93 and a beta of 1.46. EPAM Systems, Inc. has a 12-month low of $197.99 and a 12-month high of $368.68. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01.

Insider Activity at EPAM Systems

In other EPAM Systems news, CMO Elaina Shekhter sold 8,176 shares of EPAM Systems stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $257.67, for a total value of $2,106,709.92. Following the sale, the chief marketing officer now owns 6,799 shares of the company’s stock, valued at approximately $1,751,898.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other EPAM Systems news, CFO Jason D. Peterson sold 600 shares of EPAM Systems stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $270.00, for a total value of $162,000.00. Following the sale, the chief financial officer now owns 25,228 shares of the company’s stock, valued at approximately $6,811,560. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Elaina Shekhter sold 8,176 shares of EPAM Systems stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $257.67, for a total value of $2,106,709.92. Following the completion of the sale, the chief marketing officer now directly owns 6,799 shares in the company, valued at approximately $1,751,898.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,676 shares of company stock valued at $2,538,710. 3.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $295.00 target price on shares of EPAM Systems in a research report on Thursday, January 11th. Mizuho started coverage on EPAM Systems in a research report on Tuesday, January 30th. They set a “buy” rating and a $340.00 price objective on the stock. Wolfe Research raised EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 price objective on the stock in a research report on Thursday, January 4th. HSBC raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Stifel Nicolaus lifted their price objective on EPAM Systems from $288.00 to $301.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $308.73.

Read Our Latest Report on EPAM Systems

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.

Further Reading

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

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