Captrust Financial Advisors Buys 2,760 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Captrust Financial Advisors raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 70.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,677 shares of the information technology services provider's stock after buying an additional 2,760 shares during the period. Captrust Financial Advisors' holdings in EPAM Systems were worth $1,329,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EPAM. CWM LLC increased its stake in EPAM Systems by 28.6% in the 2nd quarter. CWM LLC now owns 1,857 shares of the information technology services provider's stock worth $349,000 after purchasing an additional 413 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of EPAM Systems during the second quarter valued at approximately $29,000. SG Americas Securities LLC lifted its position in shares of EPAM Systems by 235.3% in the 2nd quarter. SG Americas Securities LLC now owns 23,409 shares of the information technology services provider's stock valued at $4,403,000 after acquiring an additional 16,428 shares in the last quarter. Czech National Bank boosted its stake in EPAM Systems by 8.8% in the 2nd quarter. Czech National Bank now owns 11,047 shares of the information technology services provider's stock worth $2,078,000 after purchasing an additional 895 shares during the period. Finally, D.B. Root & Company LLC acquired a new position in EPAM Systems in the 2nd quarter worth approximately $322,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EPAM shares. Citigroup increased their target price on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a "hold" rating and a $204.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on EPAM Systems from $222.00 to $262.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Mizuho increased their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. 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 on the stock in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $268.95.

EPAM Systems Stock Performance

EPAM traded up $5.08 on Friday, hitting $245.45. The company had a trading volume of 1,982,660 shares, compared to its average volume of 648,402. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 3.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The company's fifty day moving average price is $215.53 and its 200 day moving average price is $201.44. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,000 shares of the 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 completion of the sale, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.30% of the company's stock.

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.