Centiva Capital LP Invests $2.13 Million in EPAM Systems, Inc. (NYSE:EPAM)

Centiva Capital LP bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,700 shares of the information technology services provider's stock, valued at approximately $2,130,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. ORG Partners LLC boosted its holdings in shares of EPAM Systems by 5,000.0% in the 2nd 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. Opal Wealth Advisors LLC acquired a new stake in EPAM Systems in the second quarter valued at $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of EPAM Systems by 181.8% in 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 increased its stake in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter valued at about $44,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at approximately $5,886,132. The trade was a 3.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Needham & Company LLC boosted their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Friday, November 15th. JPMorgan Chase & Co. upped 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. Finally, 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 for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $264.20.

EPAM Systems Price Performance

Shares of EPAM traded down $3.86 during mid-day trading on Tuesday, reaching $239.93. The company had a trading volume of 469,195 shares, compared to its average volume of 619,769. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 3.73 and a beta of 1.49. 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 company's 50 day simple moving average is $212.10 and its 200 day simple moving average is $200.05. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

EPAM Systems declared that its board has approved a share buyback program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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.