Nisa Investment Advisors LLC Sells 182 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Nisa Investment Advisors LLC decreased its stake in EPAM Systems, Inc. (NYSE:EPAM) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 901 shares of the information technology services provider’s stock after selling 182 shares during the quarter. Nisa Investment Advisors LLC’s holdings in EPAM Systems were worth $211,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in EPAM Systems in the 4th quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of 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 acquiring an additional 100 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of EPAM Systems during the third quarter worth about $44,000. Finally, Sentry Investment Management LLC bought a new stake in EPAM Systems during the 3rd quarter valued at approximately $52,000. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho increased their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Needham & Company LLC boosted 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. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $245.00 to $275.00 in a report on Monday, November 11th. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average price target of $269.84.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now owns 13,000 shares of the company’s stock, valued at $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 have sold 9,300 shares of company stock worth $2,366,924 in the last three months. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $251.91 on Thursday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock’s fifty day moving average is $240.36 and its two-hundred day moving average is $216.88. The company has a market capitalization of $14.29 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 3.48 and a beta of 1.50. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

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.