37,454 Shares in EPAM Systems, Inc. (NYSE:EPAM) Acquired by Centre Asset Management LLC

Centre Asset Management LLC acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,454 shares of the information technology services provider’s stock, valued at approximately $8,757,000. EPAM Systems makes up about 2.0% of Centre Asset Management LLC’s investment portfolio, making the stock its 24th largest position. Centre Asset Management LLC owned 0.07% of EPAM Systems at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its position in EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of EPAM Systems during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC increased its holdings in EPAM Systems by 101.0% in the 3rd 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 purchased a new stake in EPAM Systems in the third quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems during the third quarter worth $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company’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 completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were 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 $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EPAM. Piper Sandler boosted their price objective on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Mizuho boosted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC lifted their price target 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 analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $272.20.

EPAM Systems Stock Up 0.5 %

EPAM Systems stock traded up $1.08 during midday trading on Friday, hitting $230.24. The stock had a trading volume of 32,132 shares, compared to its average volume of 217,913. 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 business has a fifty day moving average price of $233.08 and a 200 day moving average price of $209.74. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50. The stock has a market cap of $13.06 billion, a P/E ratio of 29.90, a P/E/G ratio of 3.87 and a beta of 1.49.

EPAM Systems 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.