National Bank of Canada FI Has $5.78 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

National Bank of Canada FI raised its stake in EPAM Systems, Inc. (NYSE:EPAM) by 81.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,061 shares of the information technology services provider’s stock after buying an additional 13,068 shares during the period. National Bank of Canada FI’s holdings in EPAM Systems were worth $5,784,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EPAM. ORG Partners LLC lifted its stake in shares of EPAM Systems by 5,000.0% in the 2nd 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 holdings in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 valued at $42,000 after purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems during the third quarter valued at about $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems during the third quarter worth about $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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 trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Down 1.2 %

Shares of NYSE EPAM opened at $250.07 on Friday. 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 firm has a market cap of $14.18 billion, a PE ratio of 32.48, a P/E/G ratio of 3.76 and a beta of 1.49. The company’s fifty day simple moving average is $219.80 and its 200 day simple moving average is $203.12. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EPAM. Needham & Company LLC raised their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, November 8th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Susquehanna upped their price target on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $268.95.

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.