Barclays PLC Buys 13,981 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Barclays PLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 128,629 shares of the information technology services provider's stock after acquiring an additional 13,981 shares during the period. Barclays PLC owned 0.23% of EPAM Systems worth $25,602,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its stake in 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. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in 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 valued at $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at approximately $44,000. Finally, Sentry Investment Management LLC bought a new position in EPAM Systems in the 3rd quarter worth approximately $52,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research report on Thursday, August 22nd. They set a "hold" rating and a $204.00 target price on the stock. Citigroup boosted their price objective on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. StockNews.com upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Itau BBA Securities upgraded EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, November 8th. Finally, Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $268.95.

EPAM Systems Price Performance

EPAM stock traded down $5.43 during trading on Friday, hitting $244.64. 767,518 shares of the stock traded hands, compared to its average volume of 636,106. The stock has a market cap of $13.88 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 3.87 and a beta of 1.49. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $220.73 and a 200 day simple moving average of $203.75.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company's stock, valued at approximately $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now owns 13,000 shares in the company, valued at $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. Insiders have sold a total of 8,222 shares of company stock worth $2,089,878 in the last three months. Insiders own 4.30% of the company's stock.

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.