Bank Hapoalim BM Trims Position in EPAM Systems, Inc. (NYSE:EPAM)

Bank Hapoalim BM lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.9% during the 4th quarter, Holdings Channel reports. 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 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Greenleaf Trust purchased a new position in shares of EPAM Systems during the 4th quarter worth $227,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in EPAM Systems by 10.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,127 shares of the information technology services provider’s stock valued at $497,000 after buying an additional 207 shares during the period. Norris Perne & French LLP MI raised its holdings in EPAM Systems by 69.0% in the 4th quarter. Norris Perne & French LLP MI now owns 113,735 shares of the information technology services provider’s stock valued at $26,594,000 after buying an additional 46,419 shares during the period. Manning & Napier Advisors LLC raised its holdings in EPAM Systems by 48.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 664,286 shares of the information technology services provider’s stock valued at $155,323,000 after buying an additional 217,960 shares during the period. Finally, Swedbank AB purchased a new stake in EPAM Systems in the 4th quarter valued at about $1,730,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $255.20 on Wednesday. The stock has a 50 day moving average price of $240.93 and a 200 day moving average price of $218.20. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 3.75 and a beta of 1.51. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,300 shares of company stock valued at $2,366,924 over the last three months. 4.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research analyst reports. Mizuho boosted 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. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. 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 report on Friday, November 8th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Finally, Citigroup lifted their target price on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $271.47.

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.