EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6,611.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,141 shares of the information technology services provider’s stock after acquiring an additional 1,124 shares during the period. Zions Bancorporation N.A.’s holdings in EPAM Systems were worth $227,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in EPAM Systems by 14,325.2% in the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock valued at $123,601,000 after purchasing an additional 652,515 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of EPAM Systems in the second quarter worth about $84,850,000. TD Asset Management Inc boosted its stake in shares of EPAM Systems by 80.0% in the second quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock worth $112,017,000 after buying an additional 264,570 shares during the last quarter. Acadian Asset Management LLC grew its holdings in EPAM Systems by 47,294.2% during the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock worth $35,560,000 after acquiring an additional 188,704 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in EPAM Systems by 97.7% during the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider’s stock valued at $63,707,000 after acquiring an additional 167,343 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $235.29 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. The business’s 50 day moving average price is $203.19 and its 200 day moving average price is $198.36. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 3.81 and a beta of 1.46. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems declared that its Board of Directors has authorized a stock buyback program on Thursday, August 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have commented on EPAM shares. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday. Susquehanna increased their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price on the stock. Finally, Piper Sandler lifted their price target on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.20.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is currently owned by insiders.

EPAM Systems Company 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.