iA Global Asset Management Inc. grew its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 165.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,700 shares of the information technology services provider's stock after acquiring an additional 2,305 shares during the quarter. iA Global Asset Management Inc.'s holdings in EPAM Systems were worth $736,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of EPAM. Pacer Advisors Inc. grew its stake in shares of EPAM Systems by 14,325.2% during the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider's stock worth $123,601,000 after purchasing an additional 652,515 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider's stock valued at $83,100,000 after purchasing an additional 361,363 shares during the period. TD Asset Management Inc lifted its position in shares of EPAM Systems by 80.0% during the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider's stock valued at $112,017,000 after buying an additional 264,570 shares in the last quarter. Acadian Asset Management LLC increased its holdings in EPAM Systems by 47,294.2% in the 2nd quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider's stock worth $35,560,000 after acquiring an additional 188,704 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in EPAM Systems by 97.7% during 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 purchasing an additional 167,343 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on EPAM shares. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Jefferies Financial Group upped their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They issued a "hold" rating and a $204.00 price target on the stock. 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 report on Friday, November 8th. Finally, Citigroup increased their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $268.95.
View Our Latest Report on EPAM Systems
Insider Activity
In other news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction 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 approximately $5,886,132. This represents a 3.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company's stock.
EPAM Systems Stock Performance
EPAM traded up $3.09 on Tuesday, reaching $250.29. The company had a trading volume of 873,968 shares, compared to its average volume of 634,303. The stock has a 50-day moving average price of $216.50 and a 200-day moving average price of $201.95. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50. The stock has a market capitalization of $14.20 billion, a PE ratio of 32.13, a P/E/G ratio of 3.76 and a beta of 1.49.
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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