Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1,198.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,784 shares of the information technology services provider’s stock after buying an additional 19,183 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EPAM Systems were worth $7,448,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Paces Ferry Wealth Advisors LLC purchased a new position in shares of EPAM Systems in the 3rd quarter worth approximately $32,000. Penserra Capital Management LLC boosted its stake in EPAM Systems by 66.2% in the fourth quarter. Penserra Capital Management LLC now owns 113 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 45 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $41,000. Baillie Gifford & Co. purchased a new position in EPAM Systems in the fourth quarter worth $41,000. Finally, CWM LLC boosted its stake in EPAM Systems by 36.4% in the 4th quarter. CWM LLC now owns 120 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

EPAM Systems stock opened at $410.36 on Thursday. The stock has a market capitalization of $23.05 billion, a P/E ratio of 75.57, a P/E/G ratio of 2.97 and a beta of 1.35. The company’s fifty day moving average price is $376.60 and its 200 day moving average price is $350.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.22 and a current ratio of 4.22. EPAM Systems, Inc. has a 1 year low of $183.51 and a 1 year high of $413.05.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, February 17th. The information technology services provider reported $1.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.37. EPAM Systems had a net margin of 12.31% and a return on equity of 18.29%. The business had revenue of $723.49 million for the quarter, compared to analyst estimates of $702.22 million. Sell-side analysts predict that EPAM Systems, Inc. will post 5.27 EPS for the current year.

A number of research analysts have issued reports on EPAM shares. Barclays raised their price target on shares of EPAM Systems from $377.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, March 1st. Morgan Stanley boosted their price objective on EPAM Systems from $433.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Piper Sandler lifted their price target on EPAM Systems from $404.00 to $442.00 and gave the company an “overweight” rating in a research report on Friday, February 19th. Citigroup boosted their price target on EPAM Systems from $415.00 to $440.00 in a report on Friday, February 19th. Finally, Wells Fargo & Company raised their price objective on shares of EPAM Systems from $395.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $363.31.

In related news, CFO Jason D. Peterson sold 3,521 shares of the stock in a transaction on Monday, March 1st. The stock was sold at an average price of $376.01, for a total value of $1,323,931.21. Also, SVP Boris Shnayder sold 1,250 shares of the stock in a transaction on Friday, January 15th. The shares were sold at an average price of $347.05, for a total value of $433,812.50. Following the completion of the transaction, the senior vice president now directly owns 6,303 shares of the company’s stock, valued at $2,187,456.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,871 shares of company stock worth $3,957,835. 4.80% of the stock is currently owned by insiders.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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