State of New Jersey Common Pension Fund D Cuts Position in EPAM Systems, Inc. (NYSE:EPAM)

State of New Jersey Common Pension Fund D trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,953 shares of the information technology services provider’s stock after selling 645 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of EPAM Systems worth $12,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EPAM. Metis Global Partners LLC raised its stake in EPAM Systems by 2.5% during the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after purchasing an additional 50 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 57 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after acquiring an additional 60 shares during the last quarter. V Square Quantitative Management LLC grew its position in EPAM Systems by 4.3% in the third quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock worth $311,000 after acquiring an additional 65 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in EPAM Systems by 5.2% during the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 67 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the subject of several analyst reports. Jefferies Financial Group lowered their target price on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, November 8th. Mizuho raised their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus price target of $269.83.

Insider Activity

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock valued at $2,129,924 in the last quarter. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Price Performance

NYSE:EPAM opened at $266.21 on Tuesday. The firm’s fifty day moving average is $244.47 and its two-hundred day moving average is $221.54. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

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.