EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,059,478 shares of the information technology services provider's stock after selling 130,213 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.87% of EPAM Systems worth $210,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPAM. Geneva Capital Management LLC increased its stake in shares of EPAM Systems by 6.0% during the third quarter. Geneva Capital Management LLC now owns 71,281 shares of the information technology services provider's stock worth $14,187,000 after purchasing an additional 4,027 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in EPAM Systems in the 3rd quarter worth about $8,195,000. Victory Capital Management Inc. increased its stake in 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 buying an additional 51,603 shares in the last quarter. Raymond James & Associates raised its holdings in shares of EPAM Systems by 1,741.1% during the third quarter. Raymond James & Associates now owns 36,694 shares of the information technology services provider's stock valued at $7,303,000 after acquiring an additional 34,701 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of EPAM Systems by 251.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,128 shares of the information technology services provider's stock valued at $3,807,000 after acquiring an additional 13,690 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,000 shares of the business's stock in a transaction dated 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. The trade was a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm'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 transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,222 shares of company stock valued at $2,089,878. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Down 0.4 %

NYSE EPAM traded down $0.86 during trading on Tuesday, hitting $233.82. The stock had a trading volume of 298,180 shares, compared to its average volume of 629,754. 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 company has a market capitalization of $13.26 billion, a PE ratio of 30.37, a PEG ratio of 3.87 and a beta of 1.49. The firm has a 50 day moving average price of $231.50 and a 200 day moving average price of $209.43. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $317.50.

Analyst Ratings Changes

EPAM has been the subject of several recent research reports. StockNews.com raised EPAM Systems from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group increased their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, September 9th. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $272.20.

EPAM Systems Company 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.