Royal London Asset Management Ltd. Has $4.52 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Royal London Asset Management Ltd. raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,732 shares of the information technology services provider’s stock after purchasing an additional 922 shares during the quarter. Royal London Asset Management Ltd.’s holdings in EPAM Systems were worth $4,524,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EPAM. ORG Partners LLC grew its position in EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares during the period. Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the third quarter valued at about $52,000. Institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the sale, the chief financial officer now directly owns 24,836 shares in the company, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EPAM. Jefferies Financial Group raised their target price on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Citigroup lifted their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Mizuho raised their price target on EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. Finally, StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $268.95.

EPAM Systems Stock Up 2.1 %

EPAM Systems stock opened at $245.45 on Monday. The stock has a market capitalization of $13.92 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 3.70 and a beta of 1.49. The business has a 50 day simple moving average of $215.53 and a 200-day simple moving average of $201.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50.

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.