Bank Hapoalim BM Decreases Stake in EPAM Systems, Inc. (NYSE:EPAM)

Bank Hapoalim BM reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,610 shares of the information technology services provider’s stock after selling 403 shares during the quarter. Bank Hapoalim BM’s holdings in EPAM Systems were worth $3,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPAM. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Versant Capital Management Inc purchased a new position in EPAM Systems during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC raised its position in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in EPAM Systems during the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC purchased a new position in EPAM Systems during the 3rd quarter worth approximately $52,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM Systems stock opened at $255.20 on Wednesday. The company’s fifty day moving average price is $240.93 and its 200 day moving average price is $218.20. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a market capitalization of $14.47 billion, a P/E ratio of 33.14, a P/E/G ratio of 3.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EPAM shares. Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Piper Sandler raised their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Susquehanna raised their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group dropped 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. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.47.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,300 shares of company stock valued at $2,366,924. 4.30% of the stock is owned by company insiders.

About EPAM Systems

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.