EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,379 shares of the information technology services provider’s stock after selling 765 shares during the period. Toronto Dominion Bank’s holdings in EPAM Systems were worth $6,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC boosted its position in EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 150 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Farther Finance Advisors LLC boosted 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 valued at $42,000 after acquiring an additional 106 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of EPAM Systems in the third quarter worth $44,000. Finally, Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the third quarter worth $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

NYSE:EPAM opened at $244.64 on Friday. The stock has a 50 day moving average of $220.73 and a two-hundred day moving average of $203.75. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50. The firm has a market cap of $13.88 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 3.87 and a beta of 1.49. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

Several research firms have commented on EPAM. Piper Sandler upped their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC upped their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. Finally, Citigroup lifted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $268.95.

Insider Buying and Selling

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,222 shares of company stock worth $2,089,878. 4.30% of the stock is owned by corporate insiders.

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.