KBC Group NV Grows Position in EPAM Systems, Inc. (NYSE:EPAM)

KBC Group NV raised its position in EPAM Systems, Inc. (NYSE:EPAM) by 399.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 116,350 shares of the information technology services provider’s stock after buying an additional 93,039 shares during the quarter. KBC Group NV owned approximately 0.21% of EPAM Systems worth $27,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its position in EPAM Systems by 46.5% in the 4th quarter. Blue Trust Inc. now owns 488 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 155 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new stake in shares of EPAM Systems in the fourth quarter valued at about $1,889,000. Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the fourth quarter worth about $218,000. New Century Financial Group LLC purchased a new position in shares of EPAM Systems during the fourth quarter worth about $231,000. Finally, Inspire Investing LLC increased its position in EPAM Systems by 3.3% in the 4th quarter. Inspire Investing LLC now owns 11,553 shares of the information technology services provider’s stock valued at $2,701,000 after acquiring an additional 369 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM Systems stock opened at $255.48 on Wednesday. The firm has a market capitalization of $14.49 billion, a PE ratio of 33.18, a P/E/G ratio of 3.48 and a beta of 1.50. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm’s 50-day simple moving average is $240.01 and its 200 day simple moving average is $216.64. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Several research analysts have weighed in on EPAM shares. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. Jefferies Financial Group cut their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $269.84.

Insider Buying and Selling at EPAM Systems

In related news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of the company’s 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 transaction, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,222 shares of company stock valued at $2,089,878 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

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.