Cambiar Investors LLC lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,039 shares of the information technology services provider's stock after selling 5,407 shares during the quarter. Cambiar Investors LLC owned 0.08% of EPAM Systems worth $10,765,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Geneva Capital Management LLC boosted its holdings in EPAM Systems by 6.0% in the 3rd quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider's stock valued at $14,187,000 after purchasing an additional 4,027 shares in the last quarter. Centre Asset Management LLC purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $8,757,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of EPAM Systems during the 3rd quarter worth approximately $8,195,000. Oliver Luxxe Assets LLC purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $1,889,000. Finally, Victory Capital Management Inc. boosted its stake in shares of EPAM Systems by 247.6% during the 3rd quarter. Victory Capital Management Inc. now owns 72,447 shares of the information technology services provider's stock worth $14,419,000 after acquiring an additional 51,603 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Needham & Company LLC boosted their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Barclays raised EPAM Systems from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Citigroup boosted their price target on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Finally, Scotiabank raised EPAM Systems from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $269.83.
Get Our Latest Stock Report on EPAM Systems
EPAM Systems Trading Down 0.5 %
EPAM traded down $1.42 during trading on Friday, hitting $266.21. The company's stock had a trading volume of 387,209 shares, compared to its average volume of 505,867. The firm's 50 day moving average price is $244.09 and its 200-day moving average price is $221.09. 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 stock has a market cap of $15.10 billion, a PE ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50.
Insider Buying and Selling at EPAM Systems
In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was 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 approximately $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,300 shares of company stock worth $2,129,924. Insiders own 4.30% of the company's stock.
EPAM Systems Company Profile
(
Free Report)
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.
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