Two Sigma Advisers LP Acquires 33,800 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Two Sigma Advisers LP grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 57.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,080 shares of the information technology services provider's stock after purchasing an additional 33,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.16% of EPAM Systems worth $18,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EPAM. CWM LLC raised its stake in shares of EPAM Systems by 28.6% during the second quarter. CWM LLC now owns 1,857 shares of the information technology services provider's stock valued at $349,000 after purchasing an additional 413 shares in the last quarter. SG Americas Securities LLC raised its holdings 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 worth $4,403,000 after purchasing an additional 16,428 shares in the last quarter. Czech National Bank lifted its stake in EPAM Systems by 8.8% during the second quarter. Czech National Bank now owns 11,047 shares of the information technology services provider's stock valued at $2,078,000 after purchasing an additional 895 shares during the last quarter. D.B. Root & Company LLC acquired a new position in EPAM Systems in the second quarter worth approximately $322,000. Finally, Diversified Trust Co bought a new position in shares of EPAM Systems in the second quarter valued at $734,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

NYSE:EPAM traded up $1.92 during trading hours on Monday, reaching $247.37. The company had a trading volume of 1,490,826 shares, compared to its average volume of 633,251. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $215.53 and a two-hundred day moving average of $201.52. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The firm has a market capitalization of $14.03 billion, a PE ratio of 31.88, a PEG ratio of 3.76 and a beta of 1.49.

Insiders Place Their Bets

In related 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 value of $237,000.00. Following the completion of the transaction, the chief financial officer now directly owns 24,836 shares of the company's stock, valued at $5,886,132. The trade was a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EPAM shares. Citigroup boosted their price objective on EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Piper Sandler increased their price target on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 9th. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research note on Friday, November 8th. Finally, Scotiabank upgraded EPAM Systems from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and an average price target of $268.95.

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.