B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 1,462 EPAM Systems, Inc. (NYSE:EPAM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,462 shares of the information technology services provider’s stock, valued at approximately $291,000.

A number of other large investors have also recently made changes to their positions in EPAM. Acadian Asset Management LLC boosted its stake in shares of EPAM Systems by 238.1% during the first quarter. Acadian Asset Management LLC now owns 399 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 281 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of EPAM Systems during the first quarter valued at $1,208,000. California State Teachers Retirement System boosted its stake in shares of EPAM Systems by 1.4% during the first quarter. California State Teachers Retirement System now owns 91,536 shares of the information technology services provider’s stock valued at $25,279,000 after purchasing an additional 1,260 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of EPAM Systems by 5.2% during the first quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock valued at $310,000 after purchasing an additional 56 shares during the period. Finally, Tidal Investments LLC lifted its stake in EPAM Systems by 17.2% in the first quarter. Tidal Investments LLC now owns 3,167 shares of the information technology services provider’s stock worth $875,000 after acquiring an additional 464 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,000 shares of the 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 transaction, the chief financial officer now owns 24,836 shares in the company, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.

EPAM Systems Stock Performance

EPAM opened at $249.10 on Tuesday. EPAM Systems, Inc. has a 52-week low of $169.43 and a 52-week high of $317.50. 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 cap of $14.13 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 3.75 and a beta of 1.46. The firm’s 50-day moving average price is $207.37 and its 200-day moving average price is $198.03.

EPAM Systems declared that its Board of Directors has authorized a stock buyback program on Thursday, August 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on EPAM. Piper Sandler upped their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective for the company. Susquehanna upped their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Finally, Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.20.

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.