Hartford Investment Management Co. Has $821,000 Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Hartford Investment Management Co. cut its position in EPAM Systems, Inc. (NYSE:EPAM) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,512 shares of the information technology services provider’s stock after selling 68 shares during the period. Hartford Investment Management Co.’s holdings in EPAM Systems were worth $821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EPAM. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its holdings in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at $44,000. Sentry Investment Management LLC acquired a new position in EPAM Systems during the third quarter worth $52,000. Finally, Continuum Advisory LLC lifted its stake in shares of EPAM Systems by 5,240.0% in the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 262 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

NYSE EPAM opened at $266.21 on Friday. The company has a market cap of $15.10 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 3.96 and a beta of 1.51. 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’s 50-day simple moving average is $244.09 and its two-hundred day simple moving average is $221.09. 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 related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on EPAM shares. Needham & Company LLC boosted their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Piper Sandler lifted their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, Susquehanna lifted their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.83.

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.