Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,555 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in EPAM Systems, Inc. (NYSE:EPAMFree Report) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,654 shares of the information technology services provider’s stock after acquiring an additional 1,555 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in EPAM Systems were worth $2,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS Group AG raised its stake in EPAM Systems by 3.5% in the third quarter. UBS Group AG now owns 83,597 shares of the information technology services provider’s stock valued at $21,375,000 after purchasing an additional 2,803 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in EPAM Systems by 11.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 385,135 shares of the information technology services provider’s stock valued at $98,475,000 after purchasing an additional 40,343 shares in the last quarter. Pathstone Family Office LLC raised its stake in EPAM Systems by 33.7% in the third quarter. Pathstone Family Office LLC now owns 6,389 shares of the information technology services provider’s stock valued at $1,634,000 after purchasing an additional 1,610 shares in the last quarter. AlphaStar Capital Management LLC acquired a new position in EPAM Systems during the third quarter worth about $208,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in EPAM Systems by 15.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,174 shares of the information technology services provider’s stock worth $1,323,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler boosted their target price on EPAM Systems from $265.00 to $339.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Citigroup boosted their target price on EPAM Systems from $250.00 to $312.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. HSBC raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Stifel Nicolaus upped their price objective on EPAM Systems from $288.00 to $301.00 and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley downgraded EPAM Systems from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $235.00 to $250.00 in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $308.73.

Read Our Latest Stock Report on EPAM Systems

Insiders Place Their Bets

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

EPAM Systems Stock Performance

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

EPAM Systems 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.

See Also

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

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