Vontobel Holding Ltd. Acquires New Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Vontobel Holding Ltd. acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,136 shares of the information technology services provider’s stock, valued at approximately $499,000.

Several other hedge funds have also recently bought and sold shares of EPAM. Massachusetts Financial Services Co. MA raised its position in shares of EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after buying an additional 361,363 shares in the last quarter. Manning & Napier Advisors LLC raised its position in shares of EPAM Systems by 48.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock worth $155,323,000 after buying an additional 217,960 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of EPAM Systems by 45.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after buying an additional 160,989 shares in the last quarter. Citigroup Inc. raised its position in shares of EPAM Systems by 199.5% during the 3rd quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after buying an additional 115,720 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of EPAM Systems during the 3rd quarter worth about $21,787,000. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EPAM shares. Jefferies Financial Group lowered their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Mizuho lifted their price objective 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. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Finally, Piper Sandler lifted their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $269.83.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock valued at $2,129,924 in the last quarter. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $257.52 on Thursday. The company’s 50 day moving average price is $244.77 and its two-hundred day moving average price is $222.16. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. The firm has a market cap of $14.61 billion, a PE ratio of 33.44, a PEG ratio of 4.00 and a beta of 1.51. 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 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.