EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 57.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,789 shares of the information technology services provider’s stock after selling 14,437 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in EPAM Systems were worth $3,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC grew its holdings in EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Lindbrook Capital LLC grew its holdings in EPAM Systems by 123.3% during the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 90 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in EPAM Systems during the third quarter worth about $45,000. NBC Securities Inc. acquired a new stake in EPAM Systems during the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in EPAM Systems by 46.6% during the third quarter. Exchange Traded Concepts LLC now owns 214 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 68 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now owns 12,117 shares in the company, valued at approximately $3,707,802. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Stock Performance

NYSE EPAM opened at $247.20 on Tuesday. EPAM Systems, Inc. has a 1-year low of $197.99 and a 1-year high of $317.50. The company has a market cap of $14.34 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 10.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. The stock’s 50 day simple moving average is $284.87 and its 200-day simple moving average is $273.86.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $2.71 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 7.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on EPAM. Piper Sandler reissued an “overweight” rating and issued a $369.00 price objective on shares of EPAM Systems in a report on Monday, March 4th. HSBC dropped their price objective on EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and issued a $340.00 price objective on shares of EPAM Systems in a report on Wednesday, April 10th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $265.00 to $350.00 in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. raised their price objective on EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $328.00.

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.