Tokio Marine Asset Management Co. Ltd. Sells 164 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 7.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,920 shares of the information technology services provider’s stock after selling 164 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPAM. ORG Partners LLC boosted its position in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in EPAM Systems during the second quarter valued at approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC increased 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 buying an additional 106 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of EPAM Systems during the 3rd quarter valued at $44,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on EPAM. Needham & Company LLC increased their target price on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays raised their price objective on EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday. Mizuho increased their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday. 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.20.

EPAM Systems Stock Down 3.9 %

Shares of NYSE EPAM opened at $235.29 on Friday. The firm has a fifty day simple moving average of $203.19 and a two-hundred day simple moving average of $198.10. The firm has a market capitalization of $13.35 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 3.81 and a beta of 1.46. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $169.43 and a 12 month high of $317.50.

EPAM Systems announced that its Board of Directors has approved a share buyback plan on Thursday, August 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the sale, the chief financial officer now directly 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 SEC, which is available through this hyperlink. 4.30% of the stock is 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.