Assenagon Asset Management S.A. Boosts Position in EPAM Systems, Inc. (NYSE:EPAM)

Assenagon Asset Management S.A. lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,201 shares of the information technology services provider's stock after purchasing an additional 33,715 shares during the period. Assenagon Asset Management S.A. owned 0.61% of EPAM Systems worth $80,949,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EPAM. Pacer Advisors Inc. raised its holdings in shares of EPAM Systems by 14,325.2% during 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 period. Charles Schwab Investment Management Inc. increased its position in EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider's stock valued at $102,570,000 after buying an additional 160,989 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in EPAM Systems by 643.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock worth $83,100,000 after buying an additional 361,363 shares during the period. Dimensional Fund Advisors LP boosted its holdings in EPAM Systems by 33.4% in the second quarter. Dimensional Fund Advisors LP now owns 342,734 shares of the information technology services provider's stock worth $64,466,000 after acquiring an additional 85,883 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in EPAM Systems by 97.7% in 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 during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Insiders Place Their Bets

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 shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now owns 13,000 shares of the company's stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares of the company's stock, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,222 shares of company stock valued at $2,089,878. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded up $0.68 during trading hours on Thursday, hitting $229.42. 302,884 shares of the company's stock traded hands, compared to its average volume of 418,408. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 3.32 and a beta of 1.50. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50. 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 has a fifty day simple moving average of $239.61 and a 200-day simple moving average of $212.96.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EPAM. Citigroup upped their target price on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. StockNews.com raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Mizuho boosted their target price 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. Scotiabank upgraded shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Needham & Company LLC lifted their price target on EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.84.

EPAM Systems 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.